Intro The spot exchange rate is $1.05 per euro. Attempt 1/5 for 10 pts. Part 1 Which of the following statements is true? Check all that apply: At an exchange rate of $1 per euro, there'd be a shortage of euros. The supply and demand schedules intersect at $1.05 per euro. At an exchange rate of $1.10 per euro, there'd be a surplus of euros. At an exchange rate of $1 per euro, there'd be a surplus of euros. At an exchange rate of $1.10 per euro, there'd be a shortage of euros. Submit What is likely to happen if U.S. inflation increases by more than British inflation? Check all that apply: The demand for pounds increases. The dollar depreciates. The demand for pounds decreases. The exchange rate movement is unclear. The dollar appreciates. The supply of pounds increases. The supply of pounds decreases. Submit What is likely to happen if U.S. national income increases and the Brazilian national income remains unchanged? Check all that apply: The exchange rate movement is unclear. The supply of real increases. The demand for real decreases. The dollar depreciates. The supply of real decreases. The demand for real increases. The dollar appreciates. Submit What is likely to happen if the U.S. government imposes a 10% tariff on all imports from China? Check all that apply: The demand for yuan increases. The supply of yuan decreases. The dollar depreciates. The exchange rate movement is unclear. The dollar appreciates. The demand for yuan decreases. The supply of yuan increases. Submit