The _____ of using the market for corporate control make it important to build incentives into executive pay packages that can reduce _____ by better aligning the incentives of shareholders and managers
a. benefits; principal/agent problems
b. costs and uncertainties; principal/agent problems
c. benefits; influence costs
d. costs and uncertainties; influence costs
B
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An emphasis on inflation stability is compatible with a nonactivist stance only when shocks to the macroeconomy are ________
A) permanent supply shocks B) temporary supply shocks C) aggregate demand shocks D) all of the above E) none of the above
The effect of a decrease in the price of personal computers, other things constant, is likely to be best represented by which of the following?
a. a leftward shift of the demand curve b. a movement leftward along the demand curve c. a rightward shift of the demand curve d. a movement rightward along the demand curve e. a rightward shift of the supply curve