To accomplish its purpose a linear profit-sharing contract must
a. induce the employee to moonlight
b. communicate a code of conduct that will be monitored and enforced
c. meet either the participation or the incentive compatibility constraint
d. establish a separating equilibrium
e. not realign incentives
d
Economics
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The economist who recognized that lags in policy can explain the difficulty in conducting monetary policy was
A) Adam Smith. B) John Nash. C) Milton Friedman. D) Joseph Schumpeter.
Economics
Which of the following factors cause the IS curve to shift?
a. A change the money supply. b. A change in the level of taxes c. An autonomous investment change that shifts the investment function d. Both b and c e. All of the above
Economics