Anita is the retired president of Claddagh College and currently serves on the board of directors of the Patrician Pharmaceutical Company. Anita is considered ________ of the company
A) a silent partner B) an outside director
C) a managing director D) an inside director
B
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Assume the economy is initially in equilibrium where potential GDP is less than real GDP
If the expected inflation rate, the term structure effect, and the default-risk premium are constant, ________ in the Fed's target short-term nominal interest rate will shift up the MP curve which will result in real GDP ________. A) an increase; falling B) an increase; rising C) a decrease; falling D) a decrease; rising
If two choices are the same but one is presented in a positive manner and one in a negative context, people:
A. respond differently because of the framing effect. B. are rational and respond the same. C. respond differently because of the endowment effect. D. respond the same because of the endowment effect
If a product has only a few acceptable substitutes, demand for the product is most likely to be:
A. very inelastic. B. inelastic. C. elastic. D. very elastic.
A person graduates from college, then starts to look for a job. This is an example of
A. cyclical unemployment. B. frictional unemployment. C. seasonal unemployment. D. structural unemployment.