Compared to a proprietorship, a disadvantage of a partnership is
A) that profits are taxed twice.
B) that it is harder to keep the firm going after the death of an owner.
C) unlimited liability.
D) that potential liability to each partner is greater.
Answer: D
Economics
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The full-employment level of output is called:
A) aggregate demand. B) aggregate supply. C) potential output. D) none of the above.
Economics
Keynes's theory of the demand for money implies that velocity is
A) not constant but fluctuates with movements in interest rates. B) not constant but fluctuates with movements in the price level. C) not constant but fluctuates with movements in the time of year. D) a constant.
Economics