1. Which of the following is equal to net savings (Sd-Id) when the goods market is in equilibrium with two large open economies A) The price level B) Imports C) Net Exports D) Exports 2. Which of the following is not an example of Fiscal Policy A) An increase in spending on national defense B) A change in the level of the money supply by the Federal Reserve Bank C) A decrease in spending for national parks D) An increase in the federal income tax rate 3) Which of the following is correct concerning the difference in the long-run response of the economy to expansionary monetary and expansionary fiscal policy, assuming we start from full employment (general equilibrium) A) Expansionary monetary policy will cause an increase in the price level, expansionary fiscal policy will cause a decrease in the price level B)Expansionary fiscal policy will cause an increase in the price level, expansionary monetary policy will cause a decrease in the price level c) Expansionary monetary policy will cause an increase in the level of real interest rates, expansionary fiscal policy will not increase the level of real interest rates. D) Expansionary fiscal policy will cause an increase in the level of real interest rates, expansionary monetary policy will not increase the level of real interest rates