If the Equilibrium Exchange Rate Is $1 = 90 Yen

question 20

Multiple Choice

If the equilibrium exchange rate is $1 = 90 yen, then at an exchange rate of $1 = 80 yen there is a

• A)surplus of yen and dollars.
• B)shortage of yen.
• C)shortage of dollars.
• D)shortage of yen and dollars.

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Definitions:

Vocal Cords

The vocal cords are folds of tissue in the throat that vibrate and produce sound when air is expelled from the lungs, playing a crucial role in speaking, singing, and making other sounds.

Ligaments

Bands of tough, elastic connective tissue that connect bones together and provide support to joints.

Spiracle

An external respiratory opening in some animals, particularly insects, spiders, and some fish.

Carbon Dioxide

A colorless, odorless gas produced by burning carbon and organic compounds and by respiration, often considered a greenhouse gas contributing to global warming.