Answer to Question #137198 in Macroeconomics for December

Question

17. A sudden increase in the number of tourists from South Africa to United States (US) will lead to…
[1] an appreciation of the dollar and a leftward shift of the supply of Rand curve on the US
foreign exchange market.
[2] a depreciation of the dollar and a leftward shift of the supply of Rand curve on the US foreign
exchange market.
[3] an appreciation of the dollar and a rightward shift of the supply of Rand curve on the US
foreign exchange market.
[4] a depreciation of the dollar and a rightward shift of the supply of Rand curve on the US
foreign exchange market.

Answer 1

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