Which of the following is not a principal-agent relationship?
a. Adam and Gloria get married.
b. Payless, Getless, Inc., hires a salesperson.
c. Dixie hires a lawyer.
d. Citizens elect a state senator.
e. Opal gets her car repaired.
A
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An increase in autonomous spending is sure to reduce the real money supply when
A) the economy is in the liquidity trap. B) the IS curve is vertical. C) the economy is at full employment. D) velocity is constant.
An economic forecast will always yield an accurate forecast
Indicate whether the statement is true or false
One of President Obama's first fiscal policy initiatives was a. ARRA. b. TARP
c. QE1. d. QE2.
Changes in business inventories are:
A. classified as government purchases. B. classified as investment expenditures. C. excluded from GDP. D. classified as consumption expenditures.