Managers (________) may act in their own interest rather than in the interest of the stockholder-owners (________) because the managers have less incentive to maximize profits than the stockholder-owners do

An improvement in technology would cause the long-run aggregate-supply curve to shift

a) left. b) downward. c) right. d) not at all but instead to remain constant.

Refer to Figure 2-10. In the circular flow diagram, economic agents M represent

A) product markets. B) firms. C) factor markets. D) households.