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If the Equilibrium Exchange Rate Is 80 Yen Per Australian

Question 107

Multiple Choice

If the equilibrium exchange rate is 80 yen per Australian dollar and currently the exchange rate is 70 yen per Australian dollar,then there is a ________ of dollars that leads to ________.


A) shortage;the demand curve for dollars shifting rightward
B) shortage;the supply curve of dollars shifting rightward
C) surplus;the supply curve of dollars shifting leftward
D) shortage;a rise in the exchange rate
E) surplus;a rise in the exchange rate

Correct Answer:

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