Refer to Figure 19-8. The equilibrium exchange rate is at A, 1.25/euro. Suppose the European Central Bank pegs its currency at 1.00/euro. Speculators expect that the value of the euro will rise and this shifts the demand curve for euro to D2.
After the shift,
A) there is a surplus of euros equal to 400 million.
B) there is a surplus of euros equal to 500 million.
C) there is a shortage of euros equal to 800 million.
D) there is a shortage of euros equal to 1,000 million.
Question 2
If people assume that future rates of inflation will ________, they are said to have adaptive expectations.
A) not be related to inflation rates of the past B) follow the pattern of inflation rates in the past
C) be higher than inflation rates of the past D) be lower than inflation rates of the past
A nurse adjusts the rate of a client’s IV.
Influence of enzyme-substrate affinity on the rate of an enzyme-catalyzed reaction.
Population growth and growth rate, 1950 - 2100
Figure and Ground
The nuclear envelope is studded with pores, which allow exchange of materials
What is the total resistance of the circuit in Figure 1? 150