If the exchange rate between the United States and Portugal changes from $1 = 1 euro to $1 = 2 euros, then holding everything else constant, the price of U.S. goods in Portugal will decrease.

The Fed's policy decisions have an important influence on

a. inflation in the long run and employment and production in the short run. b. inflation in the long run and employment and production in the long run. c. inflation in the short run and employment and production in the short run. d. inflation in the short run and employment and production in the long run.

An ______ is a graphical representation that shows the positive relationship between price and quantity provided.

a. individual supply curve b. individual demand curve c. individual equilibrium curve d. individual surplus curve