An economist makes the following statement: "There is a principal agent problem with respect to the relationship between the president and the Fed. But that's a good thing$$it$\text{'}$s how we can avoid a political business cycle. In general, what do economists mean by a "principal$-$agent problem"? By a "principal$-$agent problem."economists mean O A$.$ when everyone in the organization focuses on profit without considering potential externalities O B$.$ when there is no individual in charge of making decisions, since everyone is treated equally in the organization OC$.$ when the goals and priorities of those in charge do not match the goals and priorities of the people they Oversee a OD$.$ when a person with the final say in all decisions is not employed by the organization that those decisions impact Evaluate the economist's statement The economist is thinking that A$.$ the president may want the Fed to raise interest rates during elections, but the Fed will focus on the long$-$term health of the economy. O B$.$ since pol$$tical business cycles are the result of consumer behavior and not the Fed, they are unrelated to the principal$-$agent problem. O c$.$ the president may want the Fed to lower interest rates during elections, but the Fed will focus on the long$-$term health of the economy. OD$.$ since the president nominates the members of the Board of Governors, there is no possibility of a principal$-$agent problem.