Leslie purchased 100 shares of GT, Inc., stock on Wednesday, June 7th. Marti purchased 100 shares of GT, Inc. stock on Thursday, July 8th. GT declared a dividend on June 20th to shareholders of record on July 12th and payable on August 1st. Which one of the following statements concerning the dividend paid on August 1st is correct given this information?
a. Neither Leslie nor Marti are entitled to the dividend.
b. Marti is entitled to the dividend but Leslie is not.
c. Both Marti and Leslie are entitled to the dividend.
d. Leslie is entitled to the dividend but Marti is not.
e. Both Marti and Leslie are each entitled to one-half of the dividend amo
Ans: d. Leslie is entitled to the dividend but Marti is not.
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Classical macroeconomic theorists argued that when households reduce consumption and deposit money into savings accounts, aggregate spending will:
A. increase because households will have more wealth. B. fall because banks typically make it difficult for businesses to borrow money. C. fall because consumers are saving instead of spending. D. not fall because banks will lend that money out to businesses.
Refer to Figure 4.1. A shift from S1 to S2 will result from all of the following except
A) a decrease in the government's budget deficit. B) a decrease in net exports. C) a decrease in corporate taxes. D) a decrease in the desire of households to consume today.
In general, autonomous spending increases have a lower multiplier effect on real GDP when the economy is open to international trade
a. True b. False Indicate whether the statement is true or false
Inflation caused primarily by an increase in aggregate demand is called stagflation
Indicate whether the statement is true or false