True or False.  Comparing spending over time in nominal dollars is accurate in examining government spending.

Total cost is equal to _____ costs at an output level of zero.

Which of the following are all assets to a commercial bank?

True or False.  Sources of tax revenue do not vary widely across state and local governments. 

The use of a debit card is most similar to

Which of the following are true about bank regulation?  Mark all that apply.

True or False.  Bank regulation involves maintaining the solvency of banks by avoiding excessive risk.

The use of a debit card is most similar to

When comparing GDPs across countries one must divide by geographic size after converting to a common currency.

Money supply M1 does not include the currency held by