Savings is an important factor influencing economic growth because saving
A) can finance new investment and capital formation.
B) helps the economy maintain the current level of total expenditures when a recession begins.
C) provides a fund for wages needed from any unexpected population growth.
D) All of the above answers are correct.
A
Economics
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What best describes the US experience with banking from 1785 until the Civil War?
a. There was a national bank for the entire time period. b. The first two national banks were largely foreign owned. c. Only gold was used to back currency. d. Only national banks could print notes.
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In the U.S. the total amount of work time lost to strikes is less than the amount of work time lost for coffee breaks
a. True b. False Indicate whether the statement is true or false
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