During an expansion, tax revenues ... and government transfer payments ...

When the value of a currency is determined mostly by demand and supply, but with occasional government intervention, the exchange rate system is defined as

A) floating. B) fixed. C) Bretton Woods. D) managed float.

A restrictive monetary policy, all else equal, will:

A) depreciate the domestic currency. B) appreciate the domestic currency. C) all of the above. D) none of the above.