1.The following questions concern the supply and demand for Australian dollars (AU$).The exchange rate is denoted as E_$/AU$. For each question state whether the supply of Australian dollars, demand for Australian dollars or both curves will shift, and in which direction.

a.U.S. tax cuts increase U.S. GDP

b.The Australian central bank raises interest rates

c.Fewer U.S. tourists travel to Australia as a result of pandemic restrictions

d.Prices rise in the U.S.

e.There is a decrease in the demand for coal (a major Australian exports) because of a shift to alternative energy sources to combat climate change.

f.Wealthy Australians buy vacation homes in Hawaii and California