Average costs curves initially fall

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.

Which of the following will contribute to accelerated growth for the U.S. economy?

A. A decrease in factor mobility. B. A decrease in tax credits for research and development. C. A decrease in government involvement in copyright laws. D. Increased use of outsourcing for inputs and increased use of comparative advantage for trade in final goods and services.