If the functional finance approach to federal budgeting is followed, the federal government's budget deficit should be zero
a. True
b. False
Indicate whether the statement is true or false
False
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In December 2009, currency outside of banks was $400 billion, traveler's checks were $5 billion; checkable deposits owned by individuals and businesses were $600 billion, saving deposits were $2,000 billion, time deposits were $1,500 billion; and
money market funds were $1,200 billion. What was the M2 in December 2009? A) M2 = $5,705 billion B) M2 = $3,705 billion C) M2 = $1,005 billion D) M2 = $2,505 billion E) M2 = $5,700 billion
A ____ total cost function implies that marginal costs ____ as output is increased
a. linear; increase linearly b. quadratic; are constant c. cubic; increase linearly d. linear; are constant e. none of the above
The real exchange rate is defined as
A) the market exchange rate adjusted for price differences. B) the purchasing power parity exchange rate. C) the exchange rate that causes interest parity to hold. D) the exchange rate that exists in major currency centers.
The Equal Employment Opportunity Commission (EEOC) enforces laws forbidding employment discrimination based on all of the following EXCEPT
A. education level. B. age. C. national origin. D. disabled status.