All of the following are advantages of a corporation EXCEPT
A) double taxation.
B) limited liability.
C) ability to raise large sums of financial capital.
D) unlimited life.
Answer: A
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Why does the aggregate demand curve slope downward?
What will be an ideal response?
The budget deficit/surplus projections for 2005 that were made in 2001 were wrong by
A. several trillion. B. several hundred billion. C. less than a billion. D. several hundred trillion.
What is the largest center for currency trading?
What will be an ideal response?
Those who accept both the rational expectations hypothesis and the assumption of flexibility of wages and price would likely argue that
A. if policy makers are willing to accept a high inflation rate, they can reduce unemployment to a point below the natural rate. B. policy makers can eliminate fluctuations in the level of business activity with careful planning of a widely publicized monetary policy. C. saving and investment do not contribute to economic growth. D. active policy making does not contribute to economic stability.