A Decline in Wealth That Doesn't Affect Labour Supply Would

question 100

Multiple Choice

A decline in wealth that doesn't affect labour supply would shift the IS curve ________ and the FE line ________.

• A)down;is unchanged
• B)down;left
• C)up;is unchanged
• D)up;left

---

Definitions:

General Partners

Individuals in a partnership who have unlimited liability for the debts and obligations of the partnership, and who manage the operations of the business.

Limited Partners

Investors in a partnership who are not involved in day-to-day management and are only liable for the investment they have made in the business.

ULPA

Ultra-Low Penetration Air (ULPA) filters are highly efficient filtration systems capable of removing airborne contaminants with a very high degree of efficiency.

RULLCA

The Revised Uniform Limited Liability Company Act that governs the formation, operation, and dissolution of LLCs in states that have adopted it.