The ________ in the United States is best described as a managed float exchange rate system.
A) current exchange rate system
B) exchange rate system used prior to the Great Depression
C) exchange rate system set up at the end of World War II
D) earliest used exchange rate system
Question 2
Which of the following is considered expansionary fiscal policy?
A) Congress decreases the income tax rate.
B) Legislation increases a college tuition deduction from federal income taxes.
C) The Arizona legislature cuts highway spending to balance its budget.
D) Congress increases defense spending.