a) Many U.S. politicians have accused China of engaging in “currency manipulation” in recent decades. In particular, the

[answerhappygod]

a) Many U.S. politicians have accused China of engaging in“currency manipulation” in recent decades. In particular, there isa belief that China has purposefully weakened its currency in orderto help China at the expense of the United States. Answer thefollowing questions: i) what does it mean to say that China’scurrency has weakened (relative to the United States)? ii) what isone way that a country can weaken its currency relative to othercurrencies? and iii) what is one way that a weaker Chinese currencycould help China at the expense of the United States? Whenanswering this question, be sure to explain what is meant by acurrency “weakening”, how a country can weaken their currency, andhow a weakening Chinese currency could benefit China relative tothe United States. (Fact) (10 points)