Which of the following is not an example of investment spending?
A. Construction of a new factory
B. The purchase of stock in the stock market
C. Inventory expenditures
D. New equipment
B. The purchase of stock in the stock market
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A good measure of a country's level of economic integration with a currency area is
A) the intersection of DD and GG. B) the country's price level. C) the compatibility of economic policies. D) the intersection of AA and GG. E) the extent of trade between the joining country and the currency area and the ease with which labor and capital can migrate between the joining country and the currency area.
Salt, for example, as it is used in part of Ethiopia, is an example of
A) commodity money. B) commodity-backed paper currency. C) barter currency. D) fiat money.
By the third quarter of 2011, U.S. households had accumulated $6.2 trillion in housing equity, which represents about 11 percent of their net worth. What proportion of U.S. households own their home?
A. one-third B. one-half C. two-thirds D. three-fourths
The purpose of the IMF is to:
A. provide developing countries with short-term loans and technical assistance. B. determine monetary and fiscal policy in developing countries. C. determine exchange rates for developing countries. D. buy and sell the currencies of developing countries in order to stabilize their value.