A partnership in which all partners have joint authority to make decisions for the firm and joint liability for the firms financial obligations
What will be an ideal response?
General partnership
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Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 
A. D; C B. B; C C. B; A D. D; B
Use the following table to answer this question, which provides information on the production of a product that requires one variable input.InputTotal Product00102002060030720408205090060980The marginal product of the 30th input item is
A. 24. B. 120. C. 12. D. 200.
A decrease in the money supply in the short run will cause an increase in planned investment spending
a. True b. False Indicate whether the statement is true or false
The short-run labor demand curve is:
A. more elastic than the long-run labor demand curve. B. less elastic than the long-run labor demand curve. C. either more or less elastic than the long-run labor demand curve. D. perfectly elastic (horizontal).