Refer to Figure 16-3. In the graph above, suppose the economy is ...

[mckennatimberlake]

Refer to Figure 16-3. In the graph above, suppose the economy is initially at point A. The movement of the economy to point B as shown in the graph illustrates the effect of which of the following policy actions by Congress and the president?
 
  A) a decrease in interest rates B) an increase in the money supply
  C) a decrease in income taxes D) a decrease in government purchases

Question 2

Under the Bretton Woods exchange rate system, the U.S. government agreed to buy or sell gold at a fixed price of ________ per ounce.
 
  A) 1 B) 35 C) 100 D) 400

[enass]

Answer to Question 1

C

Answer to Question 2

B

[mckennatimberlake]

Thanks for the timely response, appreciate it

[tkempin]

Excellent