Refer to Figure 19-4. The equilibrium exchange rate is at A, 3/pound. Suppose the British government pegs its currency at 4/pound. Speculators expect that the value of the pound will drop and this shifts the demand curve for pounds to D2.
After the shift,
A) there is a surplus of pounds equal to 400 million.
B) there is a shortage of pounds equal to 600 million.
C) there is a shortage of pounds equal to 200 million.
D) there is a surplus of pounds equal to 600 million.
E) there is a shortage of pounds equal to 400 million.
Question 2
Refer to Figure 17-4. Consider the shift in the short-run Phillips curves shown in the above graph. This shift may be explained by
A) an increase in the expected rate of inflation from 4.0 to 5.5 percent.
B) an increase in the natural rate of unemployment from 5.0 to 6.2 percent.
C) either an increase in the natural rate of unemployment from 5.0 to 6.2 percent or an increase in the expected rate of inflation from 4.0 to 5.5 percent.
D) None of the above is correct.
Variation in the rate of evolution as a function of the strength of selection, assuming genetic drif
Larynx, trachea, bronchi, and lungs with an expanded view showing the structures of an alveolus and
Exercise increases the heart rate.
Figure and Ground
How to calculate invest at each rate
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.