A mixed enterprise is one
A) where the government has significant ownership in a private company.
B) in which the company has more than one legal structure, such as limited liability and sole proprietorship.
C) that combines for-profit activities with education.
D) that has both for-profit and non-profit operations.
A
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What will be an ideal response?
Which of the following statements about the Fed is not true?
a. It serves as the bankers' bank for member banks. b. It can, and on occasion does, control interest rates. c. It uses open market operations to control the economy's money supply. d. It changes the legal reserve requirement less frequently than it changes the discount rate. e. It changes the legal reserve requirement more frequently than it changes the discount rate.
Assume an economy is producing only one product. Year 2 is the base year. Output and price data for a five-year period are given.YearUnits of OutputPrice Per Unit14$425537849951010Refer to the above data. If year 2 is chosen as the base year, the real GDP for year 1 is:
A. $20. B. $25. C. $4. D. $16.
Starting from long-run equilibrium, a large tax increase will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. recessionary; lower; potential B. expansionary; lower; potential C. expansionary; higher; potential D. recessionary; lower; lower