Brick and carmen are in an auto accident. brick offers carmen $2,000 if she promises not to pursue her potential legal claim against brick. carmen agrees. later, carmen discovers that it will cost $1,500 to repair her car and $4,000 to cover the medical expenses for a latent injury. the agreement between brick and carmen

a. a release.

b. a covenant not to sue.

c. promissory estoppel.

d. an illusory promise.

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.

Arestaurant that creates a new type of sandwich is using (blank) as a method of competition.

Arecession is defined as a period in which