We want money mostly because

A) it makes us happy.
B) we can buy goods with it.
C) we lengthen the life of our mattress.
D) we trust it.


B

Economics

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Which of the following Federal Reserve Banks carries out the decisions of the FOMC?

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In the long run, a tax placed on a perfectly competitive industry should

A. increase the number of firms. B. not affect the number of firms. C. decrease the number of firms. D. One cannot tell

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According to long-run growth models, which of the following is least likely to increase potential output?

A. Higher levels of saving and capital accumulation B. More rapid development of growth-compatible institutions C. Increased levels of entrepreneurship D. Increased aggregate demand

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Firms in a trust:

A. act as a single firm. B. act in their own self-interests. C. trust each other. D. do not allow a small number of trustees to make decisions for participating firms.

Economics