Question 1
Monetary policies are
◦ less effective when the exchange rate is flexible and the economy is open.
◦ more effective when the exchange rate is flexible and the economy is open.
◦ more effective when the exchange rate is flexible and the economy is closed.
◦ less effective when the exchange rate is fixed and the economy is open.
Question 2
If the Fed increases the money supply to fight recession, a floating exchange rate will aid the Fed in fighting recession because
◦ as the money supply is increased, the interest rate will decrease, and the price of U.S. exports will rise and the price of U.S. imports will fall.
◦ as the money supply is increased, the interest rate will decrease, and the price of U.S. exports will fall and the price of U.S. imports will rise.
◦ as the money supply is increased, the interest rate will decrease, and the price of both U.S. exports and U.S. imports will fall.
◦ as the money supply is increased, the interest rate will decrease, and the price of U.S. exports and U.S. imports will rise.
Overview of gas exchange between the environment, blood, and cells.
Illustration of an embolus floating in an artery. The embolus will become lodged in a blood vessel t
Maximal Heart Rate Over Time
Static Stability & Environmental Lapse Rate
Oil supply and prices affect the economies of nations
Blood Supply to the Lungs