1. What two parts of government determine the federal budget?
Fed Reserve System (Fed) and FOMC.
The US President and the Fed
The US Congress and US President.
The US Congress and the Fed
2. According to the quantity theory of money, when the money growth rate is significantly lower than the growth rate of potential GDP = real GDP, the economy is experiencing
a deflation.
inflation.
both a deflation and inflation.
none of the above..