Draw a graph of the supply and demand for the U.S. dollar by the Australian market. Diagram the effect of each of the following on the exchange rate; state in words whether the effect is long, medium,...

Draw a graph of the supply and demand for the U.S. dollar by the Australian market. Diagram the effect of each of the following on the exchange rate; state in words whether the effect is long, medium, or short run; and explain your reasoning.

a. More rapid growth in Australia than in the United States

b. A rise in Australian interest rates

c. Goods are more expensive in the United States than in Australia

d. A recession in the United States

e. Expectations of a future appreciation in the American dollar