All of the Following Are Disadvantages of Corporations Except

question 165

Multiple Choice

All of the following are disadvantages of corporations except

• A) perpetual life.
• B) double taxation.
• C) lack of secrecy.
• D) expensive formation.
• E) heavy government regulation.

---

Definitions:

Short-Run Phillips Curve

A curve that illustrates the inverse relationship between the rate of inflation and the unemployment rate in the short term, suggesting that lower unemployment comes with higher inflation.

Long-Run Phillips Curve

A concept suggesting that in the long term, there is no trade-off between inflation and unemployment, as opposed to the short-run Phillips curve.

Disinflation

A reduction in the rate of inflation, characterized by a slowing down in the rate at which prices increase over time.

Short-Run Phillips Curve

A graphical representation that shows an inverse relationship between the rate of inflation and the unemployment rate in the short-term.