please answer the following questions below

Exit Slip: Module 33 1. The government debt is monetized when the: A. Treasury mints new currency in order to buy Treasury bills back from foreign governments. B. Fed conducts open-market purchases to buy Treasury bills from the public. C. Fed transfers part of its financial reserves to the Treasury, who in turn buys Treasury bills back. D. Fed sells Treasury bills in the bond market. E. Treasury mints new currency in order to buy Treasury bills back from the Fed. 2. Government's right to print money to finance deficits is referred to as: A. open-market sales. B. seignorage. C. fiat money implementation. D. crowding out. E. capitalization of debt. 3. When the output gap is positive, the unemployment rate is: A. positive. B. above the natural rate. C. below the natural rate. D. negative. E. equal to the natural rate