In the United States, ________ profits are taxed at both the corporate level and when investors receive dividends
A) corporate B) a sole proprietor's C) a partnership's D) all of the above
A
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Explain the principal-agent relationshi
What will be an ideal response?
Given that real interest rates are constant, an increase in the expected rate of inflation will tend to
A) decrease the nominal rate of interest. B) increase the nominal rate of interest. C) cause lower inflation rates. D) cause no change in the nominal rate of interest.
The Phillips curve tradeoff implies
A. that if the curve is stable, society must accept increases in inflation in exchange for decreases in unemployment. B. that if the curve is unstable, society must accept increases in inflation in exchange for decreases in unemployment. C. that if the curve is stable, society must accept increases in inflation in exchange for increases in unemployment. D. that if the curve is unstable, society must accept falling unemployment when inflation falls.
Rising unemployment and decreased business confidence could be signs that the economy is at the start of a(n):
A. recession. B. boom. C. recovery. D. expansion.