A contract between Kim and Larry to lease real property contains an exculpatory clause. This clause is 1. generally unenforceable. 2. enforceable only if the lease involves residential property. 3. enforceable only if either party is in a business important to the public interest. 4. generally enforceable as a matter of public policy.

Explain whether each of the following events increases or decreases the money supply. a. the fed buys bonds in open-market operations. b. the fed reduces the reserve requirement. c. the fed increases the interest rate it pays on reserves. d. citibank repays a loan it had previously taken from the fed. e. after a rash of pickpocketing, people decide to hold less currency. f. fearful of bank runs, bankers decide to hold more excess reserves. g. the fomc increases its target for the federal funds rate.

What is one counter argument to the premise that the wealth gap is a serious problem which needs to be addressed?

Identify the level of the literature hierarchy for u. s. gaap to which each item belongs