Insolvency is a condition where a firm's
A) liabilities are greater than assets.
B) assets are greater than liabilities.
C) assets are equal to liabilities.
D) liabilities are less than or equal to assets.
A
Economics
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For a given price level, an upward shift of the expenditures schedule corresponds to an
a. inward shift of the aggregate demand curve. b. outward shift of the aggregate demand curve c. outward shift of the aggregate supply curve. d. inward shift of the aggregate supply curve.
Economics
Suppose that an economy is currently experiencing 10 percent unemployment and 15 percent inflation. If in the process of bringing inflation down by 2 percentage points, real GDP falls by 6 percent for a year, the sacrifice ratio is
a. 5. b. 2. c. 12. d. None of the above is correct.
Economics