Students in a class are assigned to groups to work on a project. A grade will be given for each project, and everyone in the group will receive that grade. For the members of a particular group, the grade is a

The U.S. interest rate has ________ on the supply of dollars and has ________ on the demand for dollars

A) an effect; an effect B) no effect; no effect C) an effect sometimes; an effect sometimes D) no effect; an effect E) an effect; no effect

Which of the following best illustrates the use of discretionary fiscal policy?

a. Congress providing $1 billion in relief aid for hurricane victims b. Congress appropriating $400 million to help the needy and the appropriation being financed by a tax on wealth c. Income tax receipts being smaller because of a decline in real GDP during a recession d. The Federal Reserve tightening credit when it receives news of accelerating inflation e. Congress passing a bill authorizing $2 billion in additional spending when it receives news of a deepening recession