In the context of agency theory, agents are more likely than principals to focus on: a. a short time horizon because it is easy for principals to monitor all the decisions made by the agents. b. a long time horizon because they have less information about the day-to-day business than do principals. c. a long time horizon because they always work for a firm in the long run. d. a short time horizon because it is usually easier to affect firm performance in the short run.

Which of the following is the least effective way to reach a potential sales prospect? referral cold call direct mail personal visit

Assume that the following conditions exist: a. all banks are fully loaned up- there are no excess reserves, and desired excess reserves are always zero. b. the money multiplier is 5 .     c. the planned investment schedule is such that at a 4 percent rate of interest, investment =$1450 billion. at 5 percent, investment is $1420 billion. d. the investment multiplier is 3 . e.. the initial equilibrium level of real gdp is $12 trillion. f. the equilibrium rate of interest is 4 percent now the fed engages in contractionary monetary policy. it sells $1 billion worth of bonds, which reduces the money supply, which in turn raises the market rate of interest by 1 percentage point. calculate the decrease in money supply after fed's sale of bonds: $nothing billion.

Emily spent her summer vacation in buenos aires, argentina, where she got plastic surgery for a fraction of what it would cost in the united states. this is an example of: