Diversification refers to the
A) splitting of wealth into many assets.
B) difference between the liquidity of an asset and its risk.
C) difficulty of converting investments in common stocks into investments in bonds.
D) difficulty of selling common stocks in a weak market.
A
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Automatic stabilizers dampen economic fluctuations during recessions because ________ decrease while ________ increase
A) tax revenues; tax payments B) tax payments; transfer payments C) tax payments; tax revenues D) unemployment rates; inflation rates
Which of the following is NOT a consequence of the introduction of the Medicare program?
A) an increased quantity of medical services demanded B) an increased ability for the elderly to obtain medical services C) an increased ability for the poor to obtain medical services D) a reduced demand for medical services