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Recall the Application about the effectiveness of the Obama stimulus package on economic recovery to
answer the following question(s) .
-The Obama stimulus package included fiscal policy actions designed to assist the economy in its recovery from recession. These fiscal policy actions would include _______ government spending and _______ taxes.
Exchange Rate
The value of one currency expressed in terms of another currency, used to determine how much of one currency can be exchanged for another.
Tax Rebate
A refund on taxes when the tax liability is less than the taxes paid.
Interest Rate
The percentage of a sum of money charged for its use, usually expressed as an annual percentage.
Net Capital Outflow
The difference between the domestic purchase of foreign assets and the foreign purchase of domestic assets.
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