Which of the following is most important for the achievement of long-term prosperity and strong economic growth?
a. expansionary monetary policy
b. expansionary fiscal policy
c. price stability
d. a balanced federal budget
C
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Which of the following statements is correct about neoclassical economists?
a. Neoclassical economists emphasize Say’s law, which holds that supply creates its own demand. b. Neoclassical economists emphasize Keynes’ law, which holds that supply creates its own demand. c. Neoclassical economists emphasize Say’s law, which holds that demand creates its own supply. d. Neoclassical economists emphasize Keynes’ law, which holds that demand creates its own supply.
If a firm sells a total of 100 shares of stock, then
a. the supply of, and demand for, those shares determine the price per share. b. each share represents ownership of 1 percent of the firm. c. the firm is engaging in equity finance. d. All of the above are correct.
When equilibrium GDP is greater than potential GDP, jobs are plentiful and labor is in great demand.
Answer the following statement true (T) or false (F)
A business with one or more general partners with the same unlimited liability as a sole proprietor is known as a? __________.
A. general partnership B. master limited partnership C. limited partnership D. limited liability company E. sole proprietorship