Principal-agent problems are not addressed in the market for corporate control

Indicate whether the statement is true or false

False

Economics

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Bill Gates wants billions of dollars, and has them. Buddha wanted nothing, and had nothing. What can an economist conclude?

A) Gates is wealthy, Buddha wasn't. B) Buddha was wealthy, Gates isn't. C) Gates is wealthy, and so was Buddha. D) Nothing

Economics

Suppose the economy was in equilibrium, and the central bank increased the money supply by an expected amount equal to $100 billion. Monetarist theory would predict that the:

a. Long-term real GDP growth will rise. b. Long-term real GDP growth rate will fall. c. Long-term real GDP growth rate will remain unchanged. d. Long-term inflation rate will fall. e. The international value of the domestic currency will rise.

Economics