The exchange-rate effect is the idea that a higher U.S. price level causes the value of the dollar to increase in foreign exchange markets, and this effect contributes to the downward slope of the aggregate-demand curve

If the United States increases the tariff on imported salmon, this will

A. increase the amount of salmon imported in the United States and reduce the production of salmon in the United States. B. reduce the amount of salmon imported into the United States and reduce production of salmon in the United States. C. increase the amount of salmon imported in the United States and increase the production of salmon in the United States. D. reduce the amount of salmon imported in the United States and increase the production of salmon in the United States.

Critics of large pay packages for CEOs argue that they:

A. Are based on a faulty calculation of piece rate B. Are an ineffective form of an efficiency wage C. Bear little relation to marginal revenue product D. Would be better if they were determined by royalty payments