Which of the following is true of a sole proprietorship in the United States?
A) It is the most expensive way to create a business organization.
B) The daily management is controlled by the owner.
C) The transfer of ownership is a complex process.
D) The debt of the business is shared by all stakeholders.
B
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Suppose the money demand function is MD = P× [(0.25 ×Y) ? (100 ×i)],where Y is expressed in billions of dollars and i is expressed in percentage points. If P = 2, Y = 5,000, and i = 5, then the nominal quantity of money demanded equals
A. 750. B. 1,000. C. 1,500. D. 2,000.
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