The annual percentage rate of change in the price level is the:

If the government saved during an economic boom by increasing taxes or decreasing spending, this would be:

A. contractionary fiscal policy. B. expansionary monetary policy. C. expansionary fiscal policy. D. contractionary monetary policy.

Taxes on specific goods such as gasoline and alcoholic beverages are called

a. excise taxes. b. payroll taxes. c. sales taxes. d. social insurance taxes.