Draw a graph of the market for euros in terms of U.S. dollars. Then show and explain the effect of each of the following changes:
a. There is an increase in demand for U.S. exports.
b. Stock markets in Europe are perceived to be less risky than those in other parts of the world.
c. Economic growth in Europe slows relative to that in the United States.
d. It is believed that the value of the euro will increase in the future.