The owners of a ________ have a separate legal distinction from the business
A) corporation
B) partnership
C) sole proprietorship
D) All of the above are correct.
Answer: A
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The action time lag is the time period that elapses
A) between when an economic problem manifests itself and it is officially acknowledged. B) between the recognition of an economic problem and implementing policies to solve it. C) between implementing policies to solve an economic problem and when the results of that policy can be measured. D) between the beginning of the budgetary process and the final budget resolution.
If the Fed buys bonds in an open market operation, which of the following is most likely to occur?
a. the equilibrium level of GDP will decrease. b. the money supply will decrease. c. the aggregate demand curve will shift to the right. d. the interest rate will rise. e. the aggregate supply curve will shift to the left.
Which of the following is included in GDP?
A. The value of illegally produced goods B. The value of housework by a stay-at-home dad C. The value of volunteer work done at a local homeless shelter D. The cost of government-provided social services
The Fed is reluctant to change the required reserve rate because:
A. the money multiplier is not impacted by the required reserve rate. B. the time lag between changing the required reserve rate and changes in the money supply can be too long. C. changes in the rate have a small impact on the actual quantity of money. D. small changes in the required reserve rate can have too big of an impact on the money multiplier and the level of deposits.