Resources are
A) unlimited.
B) able to be replicated in large quantities.
C) what people would buy if their income was unlimited.
D) used to produce goods and services to satisfy people's wants.
D
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In order to raise the federal funds rate, the Fed ________ government securities in open market operations, so that banks' reserves ________ and the quantity of money ________
A) buys; decrease; increases B) buys; increase; decreases C) sells; decrease; decreases D) sells; increase; decreases E) buys; increase; increases
Suppose a new contracting environment that requires greater specialized investments is considered. This new contract will result in:
A. a decrease in the marginal benefit and a shorter optimal contract. B. a decrease in the marginal benefit and a longer optimal contract. C. an increase in the marginal benefit and a longer optimal contract. D. an increase in the marginal benefit and a shorter optimal contract.