"Plowback" is a preferred source of financing a corporation because
a. it is fairly easy, compared to issuing stocks.
b. it is not subject to double taxation.
c. selling bonds involves the high cost of money.
d. stock markets are subject to random walks.
a
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The short-run Phillips curve is the relation between inflation and unemployment that holds for a given natural rate of unemployment and a
A) given rate of inflation. B) given expected rate of inflation. C) given level of unemployment. D) given expected level of unemployment.
The total gains from trade within a price system is
A) the area beneath the market demand curve and above the market clearing price plus the area above the market supply curve and beneath the market clearing price. B) the area beneath the market supply curve and above the market clearing price plus the area above the market demand curve and beneath the market clearing price. C) the area beneath the market demand curve and above the market clearing price minus the area beneath the market supply curve and beneath the market clearing price. D) always equal to zero.