An investor who owns preferred stock has
A) regular voting rights.
B) preferential treatment in the payment of dividends.
C) the same rights as a bond holder.
D) unlimited liability for the debts of the firm.
B
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Based on the figure below. Starting from long-run equilibrium at point C, a decrease in government spending that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at__ creating _____gap.
A. B; no output B. D; an expansionary C. B; recessionary D. D; a recessionary
Suppose that in each of four successive years producers sell more of their product and at lower prices. This could be explained
A. by small annual increases in demand. B. as an exception to the law of supply. C. in terms of a stable supply curve and increasing demand. D. in terms of a stable demand curve and increasing supply.
An increase in nominal GDP could result from an increase in
i. production. ii. prices. iii. subsidies. A) ii only B) i and ii C) i, ii, and iii D) i only E) i and iii
An oligopoly model in which sellers compete on prices rather than quantities is called a ________ model
A) Bertrand B) Cournot C) Ricardian D) Keynesian