A preferred shareholder
a. receives a stated dividend yield if profits are sufficient
b. can vote at shareholder meetings on important corporate matters
c. can vote at shareholder meetings only on the election of the members of the board of directors
d. can convert his or her shares into common shares
e. receives a dividend before bondholders receive anything
A
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An economy recovering from a recession
A) moves up from its trough to a period of expansion. B) moves up from its peak to a period of expansion. C) moves down from its trough to a period of depression. D) moves down from its peak to a period of expansion.
Explain the distinction between a command system and an incentive system
What will be an ideal response?
A decrease in AS will trigger less inflation under which of the following conditions?
a. AD is relatively steep. b. AD is relatively flat. c. AS is relatively steep. d. AS is relatively flat.
Exhibit 9-3 Keynesian aggregate expenditures model
?
As shown in Exhibit 9-3, if GDP is $6 trillion, the economy experiences unplanned inventory:
A. depletion of $2 trillion. B. depletion of $6 trillion. C. accumulation of $2 trillion. D. accumulation of $6 trillion.