88. The Federal Reserve is responsible for overseeing policy while Congress is responsible for overseeing policy. a. Fiscal; monetary b . Fiscal; legislative c. Monetary; fiscal d. Monetary; interest rate 89. In the formula for GDP, the letter G refers to a . Governing policy b. Government C . Government budgets d. Governing legislation 90. An example of non-durable goods is a. Disposable contact lenses and lens solution b. Floor lamps and sofas Kitchen blenders and dish washers d. Lawn mowers and leaf blowers 91. Purchasing power is the measure of the amount of a dollar can buy. a. Bonds and stocks b. Hot dogs and snickers C. Goods and services d. Washing machines and lawnmowers 92. In countries where property rights are not protected, we can expect growth a. Low population b. Low economic c. High economic d. High population 93. The type of trade restriction that sets a physical limit on the quantity of goods to be imported is a a. Tariff b. Direct tax c. Indirect tax d. Quota 94. Consumption demand will be affected by a raising or lowering of a. Tariffs b. Government spending c. Income taxes d. Producer surplus