This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: An increase in aggregate demand in the economy will have what effect on macroeconomic equilibrium in ... (Read 63 times)

drink

  • Hero Member
  • *****
  • Posts: 554
on: Jun 29, 2018
An increase in aggregate demand in the economy will have what effect on macroeconomic equilibrium in the long run?
 
  A) The price level will rise, and the level of GDP will fall.
  B) The price level will rise, and the level of GDP will be unaffected.
  C) The price level will fall, and the level of GDP will fall.
  D) The price level will fall, and the level of GDP will rise.

Question 2

In the eyes of the law, a corporation is a legal person, separate from its owners. Explain what this means.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

joanwhite

  • Sr. Member
  • ****
  • Posts: 308
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

This means that the firm is a separate legal entity from its owners. Under the corporate form of business, the owners of a firm have limited liability, which means that if the firm fails, the owners can never lose more than the amount they have invested in the firm. The personal assets of the owners of the firm are not affected by the failure of the firm.


drink

  • Member
  • Posts: 554
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Dominic

  • Member
  • Posts: 328
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

The effect of a double bond on the shape of fatty acids The effect of a double bond on the shape of fatty acids
Effect of pH on drug absorption: (a) a weak acid such as aspirin (ASA) is in a nonionized form in an Effect of pH on drug absorption: (a) a weak acid such as aspirin (ASA) is in a nonionized form in an
Habituation to the Aversive Effect of the Odor of Pups Habituation to the Aversive Effect of the Odor of Pups
Results from sequential study of two cohorts tested at three ages and at three different points in t Results from sequential study of two cohorts tested at three ages and at three different points in t
Thorndike’s Puzzle Box and the Law of Effect (2 of 2) Thorndike’s Puzzle Box and the Law of Effect (2 of 2)
Classic Supply - Demand Curve Classic Supply - Demand Curve
Video: Fetal Development of the Cardiovascular System

For a complete list of videos, visit our video library