Question1: If monetary policy is used to control real GDP then fiscal policy is a major determinant of

1. Interest rates and the foreign trade deficit
2. Unemployment and the foreign exchange rate
3. Interest rates and economic growth
4. None of the above

Question2: The increase of the real money supply by 10 % by the Federal Reserve when the unemployment rate rises by 1% is an example of

1. the utilization of feedback policy rule
2. the conduct of procyclical monetary policy
3. the conduct of nondiscretionary fiscal policy
4. the utilization of rigid policy rule 

Question3: Non-activists

1. argue for a constant-growth rate rule for the money supply
2. argue that more unemployment now may prevent a lot more unemployment in the future
3. distrust the ability of the political process to formulate sensible economic policy
4. All of the above