Answer to Question 1
Rising government expenditures leads to more government borrowing, and such borrowing can soak up resources that would otherwise have been used by households and firms. Some economists believe that rising government expenditure displaces private economic activity like consumption and investment. This implies that employment increases by less than it would have otherwise increased.
Answer to Question 2
The three functions that banks perform as financial intermediaries are:
a. Banks identify good investment options.
b. Banks transform short-term liabilities like deposits, into long-term investments.
c. Banks transfer risk from depositors to the bank's stockholders and, in some cases, to the government.
Pap smear. Cells of the cervix (shown in the center) change in appearance as they progress through
Model for evidence-based clinical decision making.
Growth Chart for American Girls From Birth Through Age 3 Growth slows from infancy to toddlerhood b
Many thought ideological politics was over in the United States, but 2012 showed strong ideological
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Under ideal conditions, a single cell of the bacterium E. coli would divide every 20 minutes to ...