When the government incurs budget deficits funding unemployment measures (such as infrastructure demand spending) in a lose labor market (i.e., no inflation); The government spending serves to smooth over high unemployment rates It raises interest rates overall The higher interest rates tend to choke economic growth It becomes a large competitor in the market for loanable funds against corporations seeking the same funds. Which form of business organization is characterized by unlimited liability and unlimited life? Corporation Partnership None of the other choices are correct Sole proprietorship