Shareholders are not personally liable for corporate acts. unchecked the sale of shares from one stockholder to another does not impact operations. an exception is when it changes the makeup of directors. unchecked it has many of the same rights as an individual. checked it does not end with the death of an owner. checked corporations are often subject to fewer regulations than partnerships. unchecked stockholders are expected to hire and fire key executives. unchecked the president and vice presidents choose the board of directors

Assume that the following conditions exist: a. all banks are fully loaned up- there are no excess reserves, and desired excess reserves are always zero. b. the money multiplier is 5 .     c. the planned investment schedule is such that at a 4 percent rate of interest, investment =$1450 billion. at 5 percent, investment is $1420 billion. d. the investment multiplier is 3 . e.. the initial equilibrium level of real gdp is $12 trillion. f. the equilibrium rate of interest is 4 percent now the fed engages in contractionary monetary policy. it sells $1 billion worth of bonds, which reduces the money supply, which in turn raises the market rate of interest by 1 percentage point. calculate the decrease in money supply after fed's sale of bonds: $nothing billion.