Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn

Exercise 27

Refer to the following table, in which Q d is the quantity of loonies demanded, P is the dollar price of loonies, Q s is the quantity of loonies supplied in year 1, and Q s ? is the quantity of loonies supplied in year 2. All quantities are in billions and the dollar-loonie exchange rate is fully flexible.