Referring to Figure 19.1, the dollar is likely to depreciate if the exchange rate is either ________ or ________ pesos to the dollar

If this game is played once, then

a. Firm A will charge a lower price and firm B will charge a lower price b. Firm A will charge a higher price and firm B will charge a lower price c. Firm A will charge a lower price and firm B will charge a higher price d. Firm A will charge a higher price and firm B will charge a higher price

Are outstanding credit card balances counted as part of the money supply?

a. Yes; they are used to purchase things, and therefore, they are included in the money supply figures. b. No; money is an asset, while the credit card balances are a liability. Thus, they are not included in the money supply figures. c. Partly; credit card balances of $100 or less are included in the M1 money supply, but the money supply figures do not include balances in excess of $100. d. Partly; credit card balances are included in the M1 money supply, but not the M2 money supply.