Examlex
Several individuals acquire assets on behalf of Skip Corporation on May 28, purchased assets on June 3 and began business on June 11. They subscribe to shares of stock, file articles of incorporation for Skip, and become shareholders on June 21. The S election must be filed no later than 2 1/2 months after:
Long-run Changes
Transformations or trends that occur over a significant period, affecting economic structures, demographic patterns, and technological advancements.
Potential GDP
An estimate of the maximum level of economic activity an economy can sustain over a period without leading to inflation.
High Unemployment
High unemployment refers to a condition where a significant portion of the workforce is without jobs, leading to economic and social challenges.
Credible Policy
A policy considered by participants in the economy to be likely implemented and maintained over time, thereby influencing their economic decisions.
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