If the CEO of a large corporation uses the corporate jet to fly friends to the Super Bowl at company expense, this is most clearly an example of
a. the duality problem.
b. the violation of ceteris paribus conditions.
c. a negative externality.
d. the principal-agent problem.
D
Economics
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If the real wage rate is such that the quantity of labor supplied equals the quantity of labor demanded
A) a full-employment equilibrium occurs. B) actual GDP equals potential GDP. C) the supply curve of labor is vertical. D) Both answers A and B are correct.
Economics
The intellectual leader of the monetarists was
A) Robert Lucas. B) Milton Friedman. C) John Maynard Keynes. D) Paul Romer. E) John Taylor.
Economics