Exchange rate diagram Essay Example | Topics and Well Written Essays - 750 words

Exchange rate diagram - Essay Example In Figure 2, as the aggregate demand curve shifts from D0 to D1, the aggregate supply curve also shifts from S0 to S1 since the exchange rate is fixed. The increase in aggregate supply of domestic currency is usually done through the central bank intervention in the foreign exchange market. 2. The higher a country's interest rates, the greater the demand for that currency. ("Exchange Rate", 2006) When foreign interest increases, foreign investments are more attractive. As domestic people want to exchange domestic currency to foreign currency in order to earn more interests, the demand for domestic currency would decrease. Under the floating exchange rate regime, as shown in Figure 3, as the demand for domestic currency decreases, the aggregate demand curve shifts from D0 to D1, causing the exchange rate to rise from e0 to e1. Under the fixed exchange rate regime, however, as the demand for domestic currency decreases from D0 to D1 as a result of the increase in foreign interest, the aggregate supply of domestic currency must also decrease, from S0 to S1, as shown in Figure 4. ...

Modern Art as Passion Essay Example | Topics and Well Written Essays - 2000 words

Modern Art as Passion - Essay Example The essay "Modern Art as Passion" investigates modern art and artists such as Kurt Schwitters, Vladimir Tatlin, Andre Breton etc. Schwitters constructed three memorable versions of Merzbau which is a gigantic conglomeration of trash and useless objects. He first constructed it in Germany, then in Norway and finally in England where he died. The project was said to be an architectural undertaking which involves two dimensions – dimension 1 consisted of a crafted architectural structure from wood, plaster and build up along multiple irregular axes and dimension 2, has an inner core which is a formless accretion of discarded random objects and fragments. Vladimir Tatlin is a Russian artist who rejected the role of being the father of constructivism. In the 1920s, he was regarded as the man who led art into industrial and technological construction in Western Europe. His art, the Corner Relief is a type of art piece which slung on ropes and cables at some distance from any wall. H is works were often designated as abstracts which have been a visual essay on representation and reality, while other are just simply meaningful in a variety of ways. Andre Breton, a French writer, poet and surrealist theorist was born in Normandy who studied medicine and psychiatry. Known as the founder of surrealism, he defined the term in his work pure psychic automatism. He also wrote the Surrealist Manifesto in 1924. Although he studied medicine and psychiatry, he realized that his true vocation was poetry.