If a British student pays her way to attend Harvard University, her actions will:
a. create a supply of dollars and a demand for pounds in the foreign currency market.
b. create a supply of pounds and a demand for dollars in the foreign currency market.
c. cause the British pound to appreciate

If expectations are adaptive, how will the economy adjust to a new long-run equilibrium in response to contractionary monetary policy? Support your answer with a graph of the Phillips curve

What will be an ideal response?

A group of firms that agree to coordinate their production and pricing decisions to reap monopoly profit is called an oligopoly

a. True b. False