Suppose that prices in France increase by 8 percent while prices in the United States remain relatively stable. We would expect that (on the foreign exchange market) the demand for U.S. dollars will __________ and the supply of U.S. dollars will __________

If a currency has a fixed exchange rate, it is not subject to the forces of supply and demand

Indicate whether the statement is true or false

In the long run, if new fringe firms with same cost structures as existing fringe firms enter the oligopoly market:

a. the dominant firm's ability to extract profit from the market decreases. b. the fringe's ability to extract profit from the market decreases. c. the fringe supply curve rotates leftward and downward. d. the dominant firm's residual demand curve rotates rightward.