The problem the agent faces when deciding which agent to hire is called
a. Adverse selection
b. Moral hazard
c. Both of the above
d. None of the above
a
Economics
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During the 1970s, real shocks to the U.S. economy caused:
a. an increase in both aggregate demand and aggregate supply. b. an increase in both the price level and the unemployment rate. c. a leftward shift of the Phillips curve. d. a decline in inflation but higher unemployment. e. a decline in both the price level and the unemployment rate.
Economics
Anything of value one owns is called a(n):
A. investment. B. capital gain. C. asset. D. liability.
Economics