Owners of ________ have unlimited liability
A) partnerships and corporations
B) corporations
C) proprietorships and partnerships
D) partnerships, proprietorships, and corporations
C
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The short-run aggregate supply curve is upward sloping for all of the following reasons except:
A. some markets are posted-price markets. B. some firms adjust their markup in response to an increase in demand. C. all inputs are fully utilized in the short run. D. some firms adjust their production in response to an increase in demand.
Table 9.2 represents 3 markets for used guitars. Which of the markets in Table 14.2 are in equilibrium?
A. 1 only B. 2 only C. 3 only D. 2 and 3
Use the ZZ-Y model presented in chapter 3 to illustrate the effects of a reduction in consumer confidence on the economy. Also, explain what effect this reduction in consumer confidence has on the economy
What will be an ideal response?
The goal of stabilization policy is to smooth out fluctuations in GDP.
Answer the following statement true (T) or false (F)