2. Explain the determination of the equilibrium price of Euro relative to the US dollar under each of the following four independent events-- assuming all other factors constant-- to the initial equilibrium price. (NOTE: IT IS EASIER TO EXPLAIN WITH GRAPHS, BUT YOU CAN ALSO EXPLAIN IN WORDS) i) EU imposes across-the-board tariffs on US goods. ii) EU eases its monetary policy iii) Japan, China, Korea and several other countries are threatening to decrease their Euro reserves in favor of US dollar. iv) EU productivity growth is slower than that of the US