A corporation in which stock is sold to anyone who has the means to buy it
What will be an ideal response?
Public corporation
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An increase in the price level leads to ________ in the demand for money, and an increase in real GDP leads to ________ in the demand for money
A) no change; an increase B) a decrease; a decrease C) an increase; an increase D) a decrease; an increase E) an increase; a decrease
If the price is above the equilibrium price, then there is a
A) surplus, and market forces will operate to lower price. B) surplus, and market forces will operate to raise price. C) shortage, and market forces will operate to lower price. D) shortage, and market forces will operate to raise price.
In 1820, when the nation began its westward movement in earnest, the median American was
(a) less than 17 years old. (b) about 20 years old. (c) about the same age as the median American today. (d) older than the median American today.
Individuals economize and respond predictably to
A) negative incentives, but not positive incentives. B) positive incentives, but not negative incentives. C) neither positive or negative incentives. D) both positive and negative incentives.