Everything else held constant, if a central bank makes a sterilized purchase of foreign assets, then the domestic currency will

Senator Hubris wants to pass a law that would require all monopolistically competitive firms to operate at their efficient scale. If this law were to pass and be enforced, we would expect that monopolistically competitive firms would

a. see their profits increase. b. break even. c. lose money. d. not really be affected by the law.

The objective of a contractionary fiscal policy is to

A. increase growth in output. B. increase stagflation. C. reduce unemployment. D. reduce inflation.