Capital is appropriately classified as a

A recession tends to cause the federal budget deficit to ________ because tax revenues ________ and government spending on transfer payments ________

A) increase; rise; falls B) decrease; rise; falls C) increase; fall; rises D) decrease; fall; rises

The federal funds rate is the interest rate charged by:

a. banks for loans to other banks. b. the Fed for overnight loans. c. the Fed for borrowed reserves. d. the federal government on loans to member banks.