Explain whether you agree or disagree with the following statements:
a. "Ask any economist, and you will find that excessive government budget deficits are one of the principal causes of a nation's excessive money supply growth."
b. "Ask any economist, and you will find that, for nations below full employment, budget deficits are sure signs that the government is increasing demand, stimulating economic activity, raising the inflation rate, and moving the economy closer to full employment."