The supply curve for housing in the very short run is likely to be

If the dollar is overvalued against the peso, it implies that:

A) the exchange rate between the dollar and the peso is flexible. B) the quantity of dollar supplied in exchange of pesos equals the quantity of dollars demanded in exchange of pesos in the foreign exchange market. C) the quantity of dollar supplied in exchange of pesos exceeds the quantity of dollars demanded in exchange of pesos in the foreign exchange market. D) the quantity of dollar supplied in exchange of pesos is less than the quantity of dollars demanded in exchange of pesos in the foreign exchange market.

All of the following are benefits of the Fed having only the single goal of price stability EXCEPT

A) the Fed would be more credible. B) the fed would not be distracted and led astray by other concerns. C) there would be greater reliance on fiscal policy for economic stabilization. D) the Fed would be free from political pressures.