Question: 2 Answer True or False. Briey explain your answer and use the proper diagram when needed. No credit without explanation. [29 points] a Dene the

2 Answer True or False. Briey explain your answer and use the proper diagram when needed. No credit without explanation. [29 points] a Dene the exchange rate as the amount of U.S. dollars per euro (ELISE/euro)- Under the General Model of Long-Run Exchange Rates of Chapter 5 an increase in the demand for U.S. output relative to European output causes a long run appreciation of the dollar against the euro. Do not forget to include a graph to support your answer. [15 points]

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