If an input must be increased for output to increase, it is called a

In the Taylor rule, does the target for the federal funds rate respond differently for a recession caused by a decrease in aggregate demand and for a recession caused by a decrease in short-run aggregate supply? Explain whether there is or is not a

difference in how the target for the federal funds rate changes.

Which of the following is characteristic of the corporate form of ownership?

a. unlimited liability b. easy transferability of ownership rights c. no divisible ownership rights d. absence of the principal-agent problem