Which of the following is not an option for a perfectly competitive firm in the short run?

Since depositors, like any lender, only receive fixed payments while the bank keeps any surplus profits, they face the ________ problem that banks may take on too ________ risk

A) adverse selection; little B) adverse selection; much C) moral hazard; little D) moral hazard; much

Samuelson and Solow believed that the Phillips curve offered policymakers a menu of possible economic outcomes

a. True b. False Indicate whether the statement is true or false