When forecasting interest rates and the direction of monetary policy, economists often examine the
A) Federal Deposit Insurance Corporation Report.
B) Economic Report of the President.
C) Federal Advisory Council Statement.
D) Federal Open Market Committee directive.
D
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What monetary policy should be implemented to correct an inflationary economy?
(A) Easy monetary policy (B) Money creation policy (C) Tight monetary policy (D) Laissez faire policy
To induce an agent to work hard, a principal may offer the agent a bonus, in other words, an extra payment if a performance target is hit
Suppose that the agent's performance is affected by factors beyond the agent's control, for example umbrellas are demanded more on a rainy day. Under what conditions may the bonus not induce the agent to work harder? A) The agent is very risk averse. B) The agent is very risk loving. C) The agent is risk neutral. D) The principal is risk neutral.