Under a fixed exchange rate regime, if the domestic currency is initially overvalued, that is, below par, the central bank must intervene to purchase the ________ currency by selling ________ assets

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

A) 10; 11 B) 11; 12 C) 12; 13 D) 13; 14

The unattainable points in a production possibilities frontier are

A) the points within the production possibilities frontier. B) the points along the production possibilities frontier. C) the points of the horizontal and vertical intercepts. D) the points outside the production possibilities frontier.