(Transcript of audio with descriptions. Transcript includes narrator headings and description headings of the visual content)
(Speaker)
In part B, you were asked to analyze the effect of the US imposing some import tariffs on Japanese goods.
(Description)
The first graph from the previous slide is shown.
The following text is briefly written above the graph:
Suppose the United States and Japan are the only two trading countries in the world. What will happen to the value of the U.S. dollar if the following occur, other things equal?
The United States imposes some import tariffs on Japanese goods then the dollar will (appreciate, depreciate), blank line.
(Speaker)
In part A, we found, as Japan relaxed its import restrictions, the US dollar will appreciate, as Japanese residents purchase more US goods.
(Description)
The following text is briefly written above the graph:
The United States imposes some import tariffs on Japanese goods then the dollar will APPRECIATE.
(Speaker)
In this case, the US is imposing import tariffs on Japanese goods. If the United States imposes import restrictions, Americans will buy fewer Japanese goods. Americans will want to exchange fewer US dollars for yen. So the supply of US dollars will decrease, and the US dollar will appreciate.
(Description)
The line, S, shifts upwards while retaining the same slope. This new line is labeled as S2. The line, S, is now labeled as S1.
A point, XR subscript 2, is labeled on the vertical axis, so that the value of, XR subscript 2, is larger than the value of, XR subscript 1. An up arrow next to points, XR subscript 1, and, XR subscript 2, is drawn. A dotted line parallel to the horizontal axis, extending from point, XR subscript 2, intersects with lines, D, and, S2, at their intersection point.
The intersection point of lines, D, and, S2, is shifted to the up and left with respect to the intersection point of lines, D, and, S1.
Two left arrows between lines, S1, and, S2, are drawn.