The S&L Crisis can be analyzed as a principal-agent problem. The agents in this case, the ________, did not have the same incentive to minimize cost to the economy as the principals, the ________

In a sequential game, given Mattie's best response function, what would Irene's best response be?

a. Not enter the market b. Enter the market c. Fight d. Run away

Suppose the population falls by 1 percent. For the standard of living to rise

a. nominal GDP can fall by as much as 1 percent b. nominal GDP must grow by at least 1 percent c. real GDP must grow by at least 1 percent d. real GDP must fall by at least 1 percent e. nominal GDP must fall by more than 1 percent