Scarcity and durability characterize the property of money as a medium of exchange

If a price floor is set below the current market clearing price, then

A) a surplus must immediately occur. B) a shortage must immediately occur. C) there will be incentives for black markets to develop. D) quantity demanded will remain equal to quantity supplied at the current market clearing price.

Other things equal, in an open economy, monetary policy to offset a contractionary gap will tend to

a. Lower the exchange value of the dollar and lower net exports. b. Lower the exchange value of the dollar and raise net exports. c. Raise the exchange value of the dollar and lower net exports. d. Raise the exchange value of the dollar and raise net exports.