Institutions:
A) are mostly outside of human control.
B) place constraints on human behavior, and these constraints may not be absolute.
C) cannot be changed over time.
D) do not affect incentives.
B
Economics
You might also like to view...
Give, and explain, an example of conflict between objectives in considering an investment proposal
What will be an ideal response?
Economics
A borrowed reserves target is ________ because increases in income ________ interest rates and discount loans, causing the Fed to ________ the monetary base, everything else held constant
A) procyclical; increase; increase B) countercyclical; increase; increase C) procyclical; reduce; reduce D) countercyclical; reduce; reduce
Economics