High budget deficits may:
a. encourage overly expansionary fiscal policy.
b. create higher inflation.
c. increase the risk of sovereign debt default.
d. all of the above.
D
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The M2 measure of the money supply equals
A) M1 plus savings account balances plus small-denomination time deposits. B) savings account balances plus small-denomination time deposits plus traveler's checks. C) M1 plus savings account balances plus small-denomination time deposits plus noninstitutional money market fund shares. D) savings account balances plus small-denomination time deposits plus noninstitutional money market fund shares.
In a diagram showing the average total cost and average variable cost curves, the minimum point of the average total cost is
A) at the same level of output as the maximum of the total product curve. B) at a lower level of output than the minimum point of the average variable cost. C) at a larger level of output than the minimum point of the average variable cost. D) at the same level of output as the minimum point of the average variable cost.
Evidence of discrimination is most apparent when one compares wages among broad groups
a. True b. False Indicate whether the statement is true or false
A stock holder is part owner of the firm.
Answer the following statement true (T) or false (F)