Principal-agent problems do NOT arise between:
A. stockholders and managers.
B. managers and workers.
C. workers and consumers.
D. stockholders and workers.
Answer: C
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Product variety and information for consumers are gains from
A) perfect competition. B) monopolistic competition. C) monopoly. D) oligopoly.
Which of the following is least likely to cause a shift of the consumption function?
a. A change in the level of saving b. A change in consumer expectations about future prices c. A change in household wealth d. A change in investment spending e. A change in the interest rate
Which of the following is a widely-used and closely-watched forecasting tool concerning the future direction of the macro-economy?
a. the excess reserves of commercial banks b. the Phillips curve c. the index of leading indicators d. the current budget deficit or surplus e. the velocity of the M1 money supply
Central banks in developing countries:
A. monetize government debt to a much greater degree than developed countries. B. monetize government debt to roughly the same extent as developed countries. C. monetize government debt, but in a more limited manner than developed countries. D. do not monetize government debt.