An import quota is when a country ____________ of a product that can be brought into the country for sale.

limits the number

What might happen if the government creates more money to cover a large deficit?

hyperinflation

The Bretton Woods Conference led to the creation of ____________ tied to ____________.

fixed exchange rate system; U.S. dollars

The Gramm-Rudman-Hollings Act tried to prevent budget deficits by

creating automatic spending cuts if the deficit exceeded a certain amount.

_____________ was formed to create a free-trade zone linking the U.S., Canada, and Mexico.

NAFTA

The Office of _____________________ and Budget is responsible for preparing the President's budget and suggesting fiscal policies.

Management

The _______________________ makes key decisions about interest rates and the growth of the United States money supply.

Federal Open Market Committee