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Because of the Recessions in 1983 and 1991, the Structural

question 150

True/False

Because of the recessions in 1983 and 1991, the structural deficit was far larger than the actual deficit in those years.


Definitions:

MBCA

The Model Business Corporation Act, a set of statutory provisions designed for the incorporation and operation of a business corporation.

Incorporator

The individual or entity that files the articles of incorporation, thus legally forming a corporation.

Preincorporation Contracts

Agreements entered into on behalf of a corporation not yet formed, which the corporation may later ratify or reject.

Promoter

A person who incorporates a business, organizes its initial management, and raises its initial capital.

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