Socially inefficient outcomes are possible when
A) uninformed parties want to avoid opportunistic behavior by informed parties.
B) informed parties engage in opportunistic behavior against uninformed parties.
C) those in charge are risk neutral.
D) workers do not own the firm.
A
Economics
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The government expenditure multiplier is the magnification effect of a change in government expenditure on
A) aggregate demand. B) the budget deficit. C) tax receipts. D) aggregate supply. E) potential GDP.
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Which of the following is NOT part of the monetary base?
A) currency B) reserves of depository institutions C) the public's checking deposits at commercial banks D) commercial banks' reserves.
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