1.For each of the following, what is the effect on the supply of foreign currency. The demand for foreign currency, and the dollar price of foreign currency? Does the dollar rise or fall?

a.A recession in the U.S. lowering U.S. income

b.An economic boom increases income in China

c.U.S. interest rates decrease

d.Interest rates decrease in all major countries

e.Interest rates rise in Europe and Asia, but not in the U.S.