The so-called near-monies have the following characteristics, except:
A. Highly liquid assets
B. Not a means of payment
C. Part of money supply M1
D. Readily converted into cash
C. Part of money supply M1
Economics
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If the federal budget has an actual budget deficit of $100 billion and a cyclically adjusted budget deficit of $75 billion, then the economy
A) must be at potential real GDP. B) must be above potential real GDP. C) could be below or above potential real GDP. D) must be below potential real GDP.
Economics
Regressive taxes have a negative impact on citizens while progressive taxes have a positive impact
Indicate whether the statement is true or false
Economics