Examlex
Real GDP is ________ determined in the classical model and ________ determined in the Keynesian model.
Proprietorships
Proprietorships are businesses owned and operated by a single individual, where there is no legal distinction between the owner and the business entity.
Partnerships
A legal form of business operation between two or more individuals who share management and profits.
Shareholders
Individuals or entities that own one or more shares of stock in a public or private corporation, giving them partial ownership of the company.
Corporation
A legal entity formed under state or federal statutes that is distinct from its owners (shareholders), providing limited liability protection, ease of transferability of shares, and potential tax benefits.
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