The assignment rule says that, with fixed exchange rates, fiscal policy should be used to stabilize the balance of payments and monetary policy should be used to stabilize the domestic economy.

What part of federal government spending has grown the most rapidly in recent years?

a. national defense b. welfare c. interest on the national debt d. social security and Medicare e. all other forms of federal government spending

Generally speaking, protection from foreign competition benefits:

a. both domestic producers and foreign producers. b. both domestic consumers and foreign consumers c. domestic consumers and foreign consumers. d. neither domestic producers nor foreign producers. e. domestic producers at the expense of domestic consumers.