To Compare the Economy's Aggregate Output in Two Different Time

question 64

Multiple Choice

To compare the economy's aggregate output in two different time periods,economists compare the

• A)nominal national income for the two periods.
• B)potential national incomes for the two periods.
• C)real national income for the two periods.
• D)unemployment rates for the two periods.
• E)inflation rates for the two periods.

---

Definitions:

Strict Liability Rule

A regulation imposing absolute responsibility on certain persons or entities for damages or losses, regardless of fault or intention.

Squeeze-Out

A strategy used by majority shareholders to pressure minority shareholders into selling their shares, often at unfavorable terms.

Minority Shareholder

An investor who owns less than 50% of a company's shares, typically having limited influence over corporate decisions.

Business Judgment Rule

A principle that shields corporate executives from liability for decisions made in good faith and believed to be in the best interest of the company, even if they are ultimately unsuccessful.