Assume that the inflation rate becomes much higher in the U….

Assume that the inflation rate becomes much higher in the U.S. relative to Great Britain.  This will place __________ pressure on the value of the U.S. dollar.  Also, assume that interest rates in the U.S. begins to rise relative to interest rates in Great Britain.  The relative change in interest rates will place __________ pressure on the value of the U.S. dollar.

There are two types of open market operations: ________ open…

There are two types of open market operations: ________ open market operations are intended to change the level of reserves and the monetary base, and ________ open market operations are intended to offset movements in other factors that affect the monetary base.