In Equilibrium in the Two-Sided Search Model, Aggregate Output Is $Y = \operatorname { Qem } ( 1 , j )$

question 14

Multiple Choice

In equilibrium in the two-sided search model, aggregate output is given by

• A) \(Y = \operatorname { Qem } ( 1 , j )\).
• B) \(Y = z F ( Q , N )\).
• C) \(Y = z \frac { Q } { A }\).
• D) \(Y = \operatorname { Qem } ( Q , A )\).
• E) \(Y = \operatorname { Qem } ( j , 1 )\).

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Definitions:

Mutual Mistake

A misunderstanding between all parties of a contract regarding the basic facts or terms of the contract, which can make the agreement voidable.

Unilateral Mistake

A misunderstanding or error made by one party in a contract, which may not necessarily void the contract.

Misrepresentation

The assertion of a fact that is not in accord with the truth. A contract can be rescinded on the ground of misrepresentation when the assertion relates to a material fact or is made fraudulently and the other party actually and justifiably relies on the assertion.

Material Fact

A fact that is significant or essential to the issue or matter at hand, and if known, could influence an individual's decision in a transaction, contract, or legal case.