Suppose that the exchange rate between Japanese yen and U.S. dollars is originally 130 yen to the dollar. If it then changes to 150 yen to the dollar, imports of Japanese goods into the United States will tend to:
a. rise

When the Fed uses money growth rates as an intermediate target, it implicitly assumes that the velocity of money is constant over time, at least in the short run

a. True b. False Indicate whether the statement is true or false

If the firm produces one more unit of output and total cost rises from $1,000 to $1,050, marginal cost is

a. $1,050. b. $1,000. c. $2,050. d. $50.