One of the costs of shifting from a business form that has unlimited liability to one that has limited liability is the
a. reduction in profit levels
b. loss of expansion opportunity
c. loss of a white knight
d. loss of complete control over all aspects of the business
e. unlimited debt potential
D
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M1 includes
A) currency, checking deposits and traveler's checks. B) money, stocks and bonds. C) money, checking deposits and traveler's checks. D) money market mutual funds, stocks and bonds.
In the Classical system, the total output of goods and services and total employment are determined by all of the following except
A) the interest rate. B) the labor force. C) the supply of capital. D) existing technology.
Economists define the long run as any production time period lasting over one year
a. True b. False Indicate whether the statement is true or false
The effect of a tax multiplier on aggregate demand is larger than that of the government spending multiplier
a. True b. False Indicate whether the statement is true or false