In general, which form of business organization has the greatest capacity to raise large sums of financial capital?
A. corporations
B. sole proprietorships
C. partnerships
D. limited partnerships
Answer: A
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The demand for a productive resource, not for its own sake, but for use in the production of goods and services is called a ________
A) goods and services demand B) production demand C) derived demand D) resource demand
Changes in the money supply are ________ to other economic variables, and since the early 1990s the Fed has ________ in monetary policymaking
A) closely connected; emphasized the role of M2 over M1 B) closely connected; emphasized the role of M1 over M2 C) closely connected; emphasized the roles of both M1 and M2 D) no longer closely connected; deemphasized the roles of M1 and M2
Your friend recently graduated from college and is actively looking for employment. The economy has completely recovered from the last recession and your friend is taking her time, looking for the "perfect" job. In the meantime, the unemployment she is experiencing is categorized as
A) cyclical. B) structural. C) seasonal. D) frictional.
During a recession, higher welfare outlays:
a. increase the size of the budget deficit even if the government does not undertake discretionary fiscal policy. b. decrease the size of the budget deficit regardless of the government's discretionary fiscal policy c. increase the size of the budget deficit only if the government undertakes discretionary fiscal policy. d. decrease the size of the budget deficit only if the government undertakes discretionary fiscal policy. e. have the same effect on the budget deficit as they do in times of expansion.