Enron's bankruptcy is much more troubling than Kmart's or Global Crossing's because
A. Enron was much bigger.
B. Enron had more stockholders.
C. Enron had more employees.
D. Enron's trouble resulted from corrupt accounting practices.
Answer: D
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Refer to Figure 15-12. In the dynamic AD-AS model, the economy is at point A in year 1 and is expected to go to point B in year 2, and the Federal Reserve pursues policy. This will result in
A) potential real GDP levels lower than what would occur if no policy had been pursued. B) inflation rates higher than what would occur if no policy had been pursued. C) real GDP levels higher than what would occur if no policy had been pursued. D) unemployment rates higher than what would occur if no policy had been pursued.
The problem with a detailed budget is:
a. that monetary policy becomes more difficult to implement. b. that it reduces the flexibility of discretionary fiscal policy. c. that the Congress cannot keep it up to date. d. that there is a shortage of congressional committees which deal with the budget.