If the price of a Canadian dollar went from 0.95 US dollars to 0.98 US dollars, we would say that the Canadian dollar has

Fiscal policy is defined as

A) the discretionary changing of government expenditures and/or taxes to achieve national economic goals. B) the design of a tax system to transfer income from the rich to the poor. C) the use of the taxing power of the government to redistribute wealth in a socially acceptable manner. D) the use of Congressional power to pursue social and political goals.

Suppose the budget deficit is rising 3 percent per year and nominal GDP is rising 5 percent per year. The debt created by these continuing deficits is

a. sustainable, but the future burden on your children cannot be offset. b. sustainable, and the future burden on your children can be offset if you save for them. c. not sustainable, and the future burden on your children cannot be offset. d. not sustainable, but the future burden on your children can be offset if you save for them.