Which of the following is true?
a. A bondholder owes money to a corporation.
b. A corporation owes money to a bondholder.
c. A bondholder owns part of a corporation.
d. A bondholder votes on company management.
b
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Starting from long-run equilibrium, a large increase in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; potential B. recessionary; higher; potential C. recessionary; lower; lower D. expansionary; higher; higher
Which of the following measures of cost is best described as "the increase in total cost that arises from an extra unit of production?"
a. variable cost b. average variable cost c. average total cost d. marginal cost
Gross domestic product in the economy is measured by the
A) total number of goods and services produced in the economy. B) dollar value of all final goods and services produced in the economy. C) total number of goods produced in the economy. D) total number of services produced in the economy.
Suppose the following information describes the economy:Government purchases of goods and services1,000Household saving1,000Government transfers and interest payments500Tax collections500Business saving1,500Private saving equals ____and public saving equals ________.
A. 2,500; 0 B. 2,500; -1,000 C. 1,000; -500 D. 1,000; 0