Examlex
Economists who are in favor of smaller government tend to prefer ________________ when expansionary _______________ policy is needed to raise aggregate demand.
Vertical Analysis
A method of financial statement analysis in which each entry for each of the three major categories of accounts (assets, liabilities, and equity) in a balance sheet is represented as a proportion of the total account.
Inventory Turnover
A measure of the liquidity of inventory; computed by dividing cost of goods sold by average inventory.
Liquidity
The ability of an asset to be quickly converted into cash or the ability of a company to meet its short-term financial obligations.
Federal Government
The national government of a federated state, which holds the authority to govern at a national level, possessing powers typically outlined in a constitution.
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