As the dollar exchange rate, e, decreases, the quantity of dollars supplied in the foreign exchange market ________, and the quantity of dollars demanded in the foreign exchange market ________.

If a bank gets a $100,000 new deposit, chooses to lend out $85,000, and increases its excess reserves by $5,000 at the same time, then the reserve requirement is: a. 10%

b. 15%. c. 20%. d. unable to be determined from the information given.

Michelle bought word-processing software in 2009 for $75 . Michelle's cousin, Barry, bought an upgrade of the same software in 2010 for $75 . To which problem in the construction of the CPI is this situation most relevant?

a. substitution bias b. unmeasured quality change c. introduction of new goods d. income bias