Owners face unlimited liability in
A) national corporations and global corporations.
B) partnerships and corporations.
C) proprietorships and corporations.
D) proprietorships and partnerships.
D
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How do changes in the money wage rate affect the LAS and SAS curves? Explain your answer
What will be an ideal response?
Suppose expected inflation in the economy is 5%. Banks set nominal interest rates so they'll earn a 2% expected real return. Employers set nominal wages based on a 2% expected real wage increase
Suppose the nominal interest rate and nominal wages are determined this way, but actual inflation turns out to differ from the expected inflation rate. Calculate the actual real interest rate and the percent increase in the real wage for each of the following actual inflation rates: a) 2%; b) 5%; c) 10%.
The greater the opportunity cost of any particular occupation, the smaller the number of people who will select that occupation
a. True b. False Indicate whether the statement is true or false
When Fed policy is being used to offset a contractionary gap, which of the following variables decreases as a result? a. Aggregate demand
b. Investment. c. Net Exports. d. None of the above variables decreases as a result of Fed policy to offset a contractionary gap..