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Author Question: Refer to Figure 19-1. Which of the following would cause the change depicted in the figure above? (Read 446 times)

Zoey63294

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Question 1

Figure 19-9









Refer to Figure 19-9. According to the graph, is there a surplus or shortage of Saudi Arabian riyal in exchange for U.S. dollars? To maintain the pegged exchange rate, will the Saudi central bank need to buy riyal in exchange for dollars or sell riyal in exchange for dollars? How many riyal will the Saudi central bank need to buy or sell?



Question 2

Figure 19-1











Refer to Figure 19-1.  Which of the following would cause the change depicted in the figure above?


◦ U.S. productivity rises relative to European productivity.
◦ Europeans decrease their preferences for U.S. goods relative to European goods.
◦ The European Union increases its quotas on U.S.-produced wine.
◦ an increase in the price level of U.S. goods relative to European goods


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Marked as best answer by Zoey63294 on Mar 16, 2019

IAPPLET

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Zoey63294

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Reply 2 on: Mar 16, 2019
YES! Correct, THANKS for helping me on my review


tandmlomax84

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Reply 3 on: Yesterday
Excellent

 

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