Refer to the Graph Above, Which Shows the Supply and Demand

question 146

Multiple Choice

Refer to the graph above, which shows the supply and demand for British pounds. D₁ and S₁ represent the initial demand and supply curves. If there is a huge increase in the desire of U.S. buyers to consume UK products, and the British government starts buying U.S. dollars in order to fix the exchange rate at the initial level, then the new equilibrium will be at point:

• A) F
• B) J
• C) C
• D) H

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Definitions:

Libido

A term in psychoanalytic theory for the energy of the sexual drive as a component of the life instinct.

Genital Stage

In psychoanalytic theory, the final stage of psychosexual development, in which the physical focus of the libido is on the genitals, with an emphasis on heterosexual relationships. The stage begins at about puberty, but is only fully attained when and if the individual achieves psychological maturity.

Psychic Conflict

A struggle within the mind between opposing thoughts, desires, or impulses, often central to psychoanalytic theories.

Anticrime Initiatives

Actions or strategies implemented to reduce or prevent criminal activities and increase safety within a community.