Suppose the target exchange rate set by the Fed is 100 guilders per dollar. If the demand for dollars temporarily decreases, to maintain the target exchange rate, the Fed can
A) sell dollars.
B) buy dollars.
C) increase U.S. exports.
D) increase U.S. imports.
B
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The figure below shows the supply and demand curves for oranges in Smallville. 
What is the marginal cost of producing the tenth pound of oranges?
A. $4 B. $2 C. $5 D. $3
The upward slope of the short-run aggregate supply curve is based on the assumption that ________.
A. prices of inputs are flexible while prices of outputs are fixed B. wages and other resource prices do respond to price level changes C. prices of output do not respond to price level changes D. wages and other resource prices do not respond to price level changes
The number of times per year that a dollar is spent on final goods and services defines
A) the income velocity of money. B) the money supply. C) the price index. D) GDP.
If a curve rises and then falls, it shows a
A) maximum. B) minimum. C) linear relationship. D) constant slope relationship.