A monetarists would expect an increase in government spending to have a strong effect on output only if the spending increase was
a. financed by an increase in the money supply.
b. financed by a sale of bonds.
c. financed by an increase in taxes.
d. accompanied by a higher in the deficit.
A
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The principal-agent problem of ownership vs. control of the corporation arises when owners and managers
A) are the same people. B) pursue objectives that differ from those their customers wish them to pursue. C) pursue objectives that differ from those their workers wish them to pursue. D) pursue objectives that differ from those the government wishes them to pursue. E) pursue different objectives.
From the beginning of 2007, the value of the U.S. dollar
a. dropped sharply against major currencies. b. increased mildly against major currencies. c. remained stable relative to major currencies. d. fluctuated with no major trend against major currencies.