Everything else held constant, a decrease in the value of the dollar relative to all foreign currencies means that the price of foreign goods purchased by Americans

In a barter economy, people are _________ to specialize in the production of one good or service, compared to in a money economy

A) more likely B) less likely C) equally likely D) almost always going

Suppose that the current federal funds rate is above the federal funds target rate. In order to lower the federal funds rate the Fed will ________________ securities on the open market which will ________________ the supply of reserves in the market for reserves, pushing the rate closer to the target rate

A) sell; increase B) purchase; increase C) purchase; decrease D) sell; decrease