The Two Most Comprehensive,widely Accepted Macroeconomic Models Are

question 24

Multiple Choice

The two most comprehensive,widely accepted macroeconomic models are

• A)the classical model and the supply-side model.
• B)the supply-side model and the real business cycle model.
• C)the classical model and the Keynesian model.
• D)the Austrian model and the Keynesian model.

---

Definitions:

Incorporated

The process of legally declaring a corporate entity as separate from its owners, providing legal protections and allowing for the raising of capital.

De Facto Corporation

A corporation that operates in all respects as a corporation despite not having completed the formalities required for legal recognition.

Ultra Vires

Actions or activities conducted by a corporation or its officers that lie beyond the powers granted by its charter or the laws.

Ultra Vires Contract

A contract that exceeds the powers granted to a corporation by its charter or bylaws.