The short-run Phillips curve shifts around because of changes in:
A. expectations of employment.
B. expectations of inflation.
C. the money supply.
D. expectations of real income.
Answer: B
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Money or goods that parents leave to their children in their wills are referred to as:
A) bequests. B) interest. C) charity. D) social responsibility.
Large current account deficits imply large financial account surpluses
Indicate whether the statement is true or false
In October 2012, the largest liability of the Fed was
A) currency in circulation. B) reserves. C) discount loans to banks. D) vault cash.
Identify the advantage of the corporation over sole proprietorship and partnership?
a. Small stockholders in a corporation have the ability to influence corporate policy because corporations are governed on the "one person, one vote" principle. b. Corporate income usually receives tax exemptions from the government. c. Corporations that violate environmental or workplace safety law cannot be punished. d. Corporation can survive even if ownership changes hands.