-Refer to the Graph Above to Answer This Question

question 21

Multiple Choice

-Refer to the graph above to answer this question.If the American dollar was fixed at a value of OB Canadian dollars and the demand was to drop from D1 to D2,then which of the following would be true?

• A)There would be a balance of payments surplus with Canada of HJ.
• B)There would be a balance of payments surplus with Canada of FG.
• C)The exchange rate would fall from OB to OA.
• D)There would be a balance of payments deficit with Canada of FG.
• E)The Canadian dollar would depreciate until the demand and supply of the American dollar was again equal.

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Definitions:

SSR

Sum of Squares due to Regression, a measure used in statistical analysis to determine the variability explained by the regression model.

SSE

Sum of Squared Errors, a measure used in statistics to indicate the deviation of the observed values from the values that are expected or predicted by a model.

Computed F Statistic

A calculated statistic used in the context of ANOVA tests, assessing the significance of group differences across multiple groups.

SSR

In statistics, SSR stands for the Sum of Squares due to Regression, indicating the variation explained by the regression model.