An efficient contract is an agreement in which
A) neither party can be made better off without harming the other party.
B) both parties agree on its clauses.
C) one party takes all.
D) both parties agree to always do their best.
A
Economics
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A bank has excess reserves of $1,000 and demand deposit liabilities of $80,000 when the reserve requirement is 25 percent. If the reserve requirement is lowered to 20 percent, the bank's excess reserves will be
A) $1,000. B) $5,000. C) $8,000. D) $9,000.
Economics
The index that measures the change in price of a typical basket of consumer goods is
a. the GDP deflator. b. the consumer price index. c. nominal GDP. d. real GDP.
Economics