The most important function of the Fed is to
A) provide a system for collecting and clearing checks.
B) regulate the money supply.
C) collect taxes.
D) support the federal government's deficit spending by buying government securities.
B
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Voting power in the IMF is determined by a country's
A) political power. B) quota. C) size. D) All of the above.
The entry of new firms into a perfectly competitive market in the long run is most likely the result of
a. temporarily above-normal profit, despite the presence of barriers to entry b. continued above-normal profit, despite the presence of barriers to entry c. temporarily above-normal profit, combined with the absence of barriers to entry d. continued above-normal profit, combined with the absence of barriers to entry e. either temporarily or continued above-normal profit, despite the presence of barriers to entry