-The Reason That It Is Possible for the Economy in the Above

question 145

Multiple Choice

-The reason that it is possible for the economy in the above figure to be at E₂ rather than at E₁ is that

• A) in the long run there is always less than full employment.
• B) in the short run the economy can produce more than it can in a long-run full-adjustment situation.
• C) AD always shifts outward and never shifts inward.
• D) the economy must be in a recession.

Recognize the differences between de facto and statutory corporations.

Grasp the concepts related to dividends, corporate profits, and tax statuses of corporations.

Understand the process and requirements for corporate incorporation and the implications of state incorporation statutes.

Comprehend the management structure of corporations and the role of shareholders, directors, and officers.

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