When the Federal Reserve sells a government bond to a primary dealer, reserves in the banking system ________ and the monetary base ________, everything else held constant

Suppose that over the past decade, U.S. inflation is greater than that in Mexico. Further assume that during this same period, the dollar appreciates relative to the Mexican peso. Given this information,

A) the real exchange rate remains unchanged. B) the real exchange rate must decrease. C) the real exchange rate must increase. D) the real exchange rate can increase or remain the same, but not decrease. E) the real exchange rate can decrease or remain the same, but not increase.

From the late 1930s until the early 1970s, courts tended to follow per se rules when deciding antitrust cases. According to these rules,

a. a firm's control of a large market share was considered intrinsically illegal. b. the existence of only one or two firms in an industry was not necessarily an antitrust violation. c. both market share and predatory practices must be considered in determining whether a firm had violated the law. d. the court should only intervene if the firm charged "unfair" prices.