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Author Question: Refer to Figure 18-2. Consider the market for U.S. Dollars against the British pound ... (Read 409 times)

natalie2426

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on: Mar 16, 2019

Question 1

Figure 18-2











Refer to Figure 18-2.  Which of the events below cause the shifts in the supply and demand curves in the market for dollars against the British pound shown in the graph above?


◦ Interest rates rise in England.
◦ Interest rates rise in the United States.
◦ Real income rises in the United States.
◦ Real income falls in England.

Question 2

Figure 18-2











Refer to Figure 18-2.  Consider the market for U.S. Dollars against the British pound shown in the graph above. From this graph we can conclude that the dollar price of a British pound has ________ to ________ dollars per pound


◦ decreased; 0.46
◦ increased; 2.17
◦ decreased; 2.00
◦ increased; 0.50
Macroeconomics ¦ Hubbard, O'Brien ¦ 6th Edition
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Marked as best answer by natalie2426 on Mar 16, 2019

JaynaD87

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Reply #1 on: Mar 16, 2019
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natalie2426

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Reply 2 on: Mar 16, 2019
Thanks for the timely response, appreciate it

coreycathey

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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