The FDIC handles most bank failures by the __________ method
A) payoff
B) nationalization
C) purchase and assumption
D) share transfer
C
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In the Classical model, a decrease in the money supply __________ the real GDP and __________ the price level
A) leaves unchanged; leaves unchanged B) leaves unchanged; lowers C) lowers; lowers D) lowers; leaves unchanged
Regarding the privilege of incorporation (the right to organize an enterprise in the corporate form), all of the following are true except
(a) It gives a business firm limited liability, perpetual life and the rights of a citizen. (b) It is not provided for directly by the Constitution because, apart from state governments, the Constitution made no provisions for groups. (c) It is provided for at all levels of government—federal, state and local. (d) There is no "except"; all of the above are true.
According to the case, price has a disproportionate effect on the bottom line relative to
A) demand changes. B) total and fixed costs. C) capital expenditures. D) the cost of capital.
Which of the following is characteristic of a downturn in the business cycle?
A. Higher unemployment rates B. Higher prices C. Growth in real output D. Increased population