32. Which of these answers below best reflects how the federal government manages the economy through fiscal policy?
a. taxing and spending
b. buying and selling securities
c. controlling the money supply
d. controlling interest rates
33. If tax revenues decrease, what would be the effect on the state of Maryland?
a. Maryland would reduce tax rates.
b. Retail businesses would lower prices.
c. Maryland would reduce funding for some programs.
d. The federal government would replace lost income from taxes.