A situation in which one party makes a contractual agreement with a second party in the expectation that the second party will act on its behalf is known as
a. an adverse selection relation
b. a signaling relation
c. an authority relation
d. a principal-agent relation
e. a nonmarket relation
D
Economics
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Aggregate demand is the:
A. Total quantity of output demanded at alternative price levels. B. Total quantity of output demanded but only at full employment. C. Quantity of goods demanded by the largest corporations in the country. D. Quantity of new goods and services produced.
Economics
A Major League Baseball player signs a contract that pays $27 million over 5 years. The $27 million is the contract's ________ value
A) real B) implicit C) nominal D) external
Economics