raw a demand for dollars curve. Label it D. raw a supply of dollars curve. Label it S. raw a point at the equilibrium quantity and equilibrium exchange rate. Exchange rate (U.S. cents per Canadian dollar) 120- 110- raw an arrow between the D and S curves that indicates a price at which there is surplus of dollars. Label it. 100- 90- 80- 70- 60- 50- 20 30 70 40 50 60 80 Quantity (billions of Canadian dollars per day) >>> Draw only the objects specified in the question.

Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter13: Open-economy Macroeconomics: Basic Concepts
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Draw a demand for dollars curve. Label it D.
Draw a supply of dollars curve. Label it S.
Draw a point at the equilibrium quantity and equilibrium exchange rate.
Exchange rate (U.S. cents per Canadian dollar)
120-
110-
Draw an arrow between the D and S curves that indicates a price at which there is
a surplus of dollars. Label it.
100-
90-
80-
70-
60-
50-
20
50
70
30
40
60
80
Quantity (billions of Canadian dollars per day)
>>> Draw only the objects specified in the question.
Selected:
Delete Clear
none
Transcribed Image Text:Draw a demand for dollars curve. Label it D. Draw a supply of dollars curve. Label it S. Draw a point at the equilibrium quantity and equilibrium exchange rate. Exchange rate (U.S. cents per Canadian dollar) 120- 110- Draw an arrow between the D and S curves that indicates a price at which there is a surplus of dollars. Label it. 100- 90- 80- 70- 60- 50- 20 50 70 30 40 60 80 Quantity (billions of Canadian dollars per day) >>> Draw only the objects specified in the question. Selected: Delete Clear none
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