The Fed wants to keep the dollar at 0.80 euros per dollar. If the demand for dollars increases,
A) the Fed sells dollars to increase the supply of dollars and maintain the exchange rate.
B) the Fed conducts persistent intervention on one side of the market.
C) the Fed buys dollars to increase the supply of dollars and maintain the exchange rate.
D) the Fed buys dollars to decrease the supply of dollars and maintain the exchange rate.
E) the Fed sells dollars to decrease the supply of dollars and maintain the exchange rate.
A
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Marginal benefit curves slope
A) upward because of increasing opportunity cost. B) upward, but not because of increasing opportunity cost. C) downward because of increasing opportunity cost. D) downward, but not because of increasing opportunity cost.
Which of the following approaches to understanding and predicting consumer behavior does not actually solicit any information from any potential customers?
A) Test marketing. B) Conjoint analysis. C) Analysis of historical data. D) Expert opinion.