Using the table above, the labor force participation rate is

For the federal deficit to be lowered,

A) the federal government must decrease its spending and increase net exports. B) the federal government's expenditures must be lower than its tax revenue. C) the Federal Reserve must reduce the money supply. D) the Federal Reserve must raise interest rates and lower the required reserve ratio.

Those who favor an active approach to policy believe that:

a. discretionary monetary policy cannot be used to help the economy since monetary policy lags are long. b. discretionary fiscal policy cannot be used to help the economy since fiscal policy lags are long c. lags associated with implementing policies are too long and unstable for discretionary policy to be effective. d. despite the lags involved, implementing discretionary policy is preferable to inaction. e. the discretionary fiscal policy cannot be used to help the economy since it leads to inflation.