Question 1
Refer to the information provided in Figure 34.3 below to answer the question(s) that follow.


Refer to Figure 34.3. Which of the following will shift the supply of pounds from
S
1 to
S
0?
◦ an increase in U.S. income
◦ an increase in the British price level
◦ a decrease in the British price level
◦ a decrease in British income
Question 2
Refer to the information provided in Figure 34.3 below to answer the question(s) that follow.


Refer to Figure 34.3. Which of the following will shift the supply of pounds from
S
0 to
S
1?
◦ an increase in U.S. income
◦ a decrease in British income
◦ an increase in the British price level
◦ a decrease in the U.S. price level