On a foreign exchange diagram of the equilibrium exchange rate,there is equilibrium at AUD 0.94 per USD.At AUD0.97,there would be excess _____ the dollar and the dollar would _____ in the return to equilibrium.

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At AUD 0.97 per USD, it means it costs more AUD to buy 1 USD, indicating a lower demand or higher supply of USD. In the return to equilibrium, the USD would depreciate to match the demand at the lower price of AUD 0.94 per USD.

On a Foreign Exchange Diagram of the Equilibrium Exchange Rate,there