Which of the following businesses have limited liability?
A) Mainline Texaco, a gas station downtown with Frank Jones as proprietorship
B) Fakker, Chayse, and Blaimm, partners in medical malpractice law
C) StrideRite Shoe Company, Inc., a corporation that produces shoes
D) Both answers B and C are correct.
C
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Assuming all else equal, a rise in the rate of interest:
A) results in a fall in the cost of borrowing. B) results in a fall in the amount of interest accumulated on a loan. C) results in a fall in the quantity of credit demanded. D) results in an increase in the number of potential debtors.
When economists speak of changes in GDP measured in constant dollars, they mean that
a. money GDP is constant. b. the price level is constant. c. a price index has been used to adjust money GDP for the effects of inflation. d. the growth rate of money GDP has been adjusted for changes in population.