What is the principal-agent problem?
What will be an ideal response?
The principal-agent problem is a problem caused by agents pursuing their own interests rather than the interests of the principals who hired them.
Economics
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When the production possibilities curve shifts outward,
A) the price level rises in the long run. B) the long-run aggregate supply curve is unchanged. C) the long-run aggregate supply curve shifts to the left. D) the long-run aggregate supply curve shifts to the right.
Economics
A horizontal demand curve for a good could arise because consumers
A) are irrational. B) are not sensitive to price changes. C) view this good as identical to another good. D) have no equivalent substitutes for this good.
Economics