Monetary and fiscal policy making that is carried out in response to a pre-set rule and does not respond to changes in economic activity is known as

Suppose that the quantity of cars demanded exceeds the quantity of cars supplied. We would expect that

A) the price of cars will increase. B) the price of cars will decrease. C) the supply will increase (supply will shift to the right) to meet the demand. D) the demand will decrease (demand will shift to the left) to meet the supply.

Which currency below currently serves as a dominant reserve currency?

A) European euro B) U.S. dollar C) Japanese yen D) British pound