Refer to the table below. When output increases from 28 to 35 units, the marginal cost of the product is:

Using the data in the table above, if the price of a stapler is $8, then there is ________ of staplers and the quantity of staplers demanded ________ the quantity of staplers supplied

A) a shortage; is greater than B) a surplus; is greater than C) a shortage; is less than D) neither a surplus nor a shortage; equals E) a surplus; is less than

For this question, assume that exchange rates are flexible and that the exchange rate expected to occur in one year is not constant. Suppose that individuals now expect that the foreign central bank will pursue expansionary monetary policy in one year. This expected future monetary expansion by the foreign central bank will cause which of the following to occur?

A) The current nominal exchange rate will decrease. B) The current nominal exchange rate will increase. C) The current nominal exchange rate will not change. D) The effects on the current nominal exchange rate are ambiguous.