If the U.S. real exchange rate increases, U.S. exports will ________ and U.S. imports will ________

It is a mistake to calculate the cost per mile of owning a car because doing so implies

A) additional driving will lower the cost of owning a car. B) future fuel and maintenance costs cannot be predicted. C) marginal costs are the only relevant costs. D) opportunities will not arise to sell the car.

Monetarists maintain that the increase in the money supply can explain the inflation of the 1970s and 1980s when one considers the bonds purchased by the Fed to finance the federal deficits of the period

Indicate whether the statement is true or false