The four diagrams below illustrate changes in the demand for yen and the supply of yen. To the right of the diagram are five events that may cause either the demand for or supply of yen to change. Match the event with the appropriate diagram. One event will neither cause the demand for nor the supply of yen to change. Tuyolas, Price (della per yen) Price dellas B) Interest rates in Japan rise relatíve to per yen interest rates in the rest of the world. The Japanese central bank Quanity (yen Quantity (yn) increases the required reserve ratio, Price (della Price dellan per yen) per yen) D The Japanese central bank makes an open market purchase. E) The price of yen in terms of Quatity yen) dollars rises.
The four diagrams below illustrate changes in the demand for yen and the supply of yen. To the right of the diagram are five events that may cause either the demand for or supply of yen to change. Match the event with the appropriate diagram. One event will neither cause the demand for nor the supply of yen to change. Tuyolas, Price (della per yen) Price dellas B) Interest rates in Japan rise relatíve to per yen interest rates in the rest of the world. The Japanese central bank Quanity (yen Quantity (yn) increases the required reserve ratio, Price (della Price dellan per yen) per yen) D The Japanese central bank makes an open market purchase. E) The price of yen in terms of Quatity yen) dollars rises.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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