The sole owner of a unincorporated business unable to pay its debts:
a. may be sued by the people to whom the business owes money
b. may be forced to pay them out of his own bank account
c. may be forced to sell his personal property to pay those debts
d. all of these are correct
d
Economics
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The Fed can close a recessionary gap by:
a. increasing fiscal expenditure b. increasing taxes. c. decreasing taxes. d. selling U.S. government bonds. e. lowering the discount rate.
Economics
In 2001, Congress and President Bush instituted tax cuts. According to the short-run Phillips curve, in the short run this change should have
a. reduced inflation and unemployment. b. raised inflation and unemployment. c. reduce inflation and raised unemployment. d. raised inflation and reduced unemployment.
Economics