The long-run aggregate supply will increase when

Suppose that the exchange rate between Canadian dollars and U.S. dollars is $0.60 U.S. dollars per Canadian dollar. If the exchange rate goes to $0.50 U.S. dollars per Canadian dollar, it would tend to:

a. increase U.S. exports to Canada b. decrease U.S. exports to Canada. c. increase Canadian exports to the United States. d. both (b) and (c)

The Federal Reserve System was established

a. at the request of farmers to keep down interest rates. b. because Americans believe in centralization of authority. c. after four severe bank panics between 1873 and 1907. d. as part of the Treasury Department.