Because financial markets clear, we know that leakages in the economy will equal injections and, therefore, there will be enough spending in the economy to purchase whatever amount of output level produced

Economies with higher expected inflation rates have short-run Phillips curves that are

A) further to the right. B) upward sloping. C) further to the left. D) closer to being horizontal. E) always vertical.

A partnership is a business:

A. that has only one owner. B. legally treated as a person and owned by stockholders who are not liable for the actions of the corporate "person." C. in which each owner is liable only to the extent of his or her own investment. D. with two or more owners, with each owner liable for every other owner's actions.