A period of time in which the overall business activity is rising at a rapid rate is known as

Refer to the above figure. As the real national income expands from Y2 to Y3,

A) tax revenues fall. B) a budget deficit occurs. C) government transfers rise. D) a budget surplus occurs.

Limits on the flow of foreign exchange and financial investment across countries are called

A) currency restrictions. B) credit constraints. C) fixed exchange rates. D) capital controls.