What component of GDP is particularly volatile over the business cycle and can be targeted by tax cuts?
Investment spending.
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Are sales and purchases of used goods counted as part of GDP? Why or why not?
What will be an ideal response?
The following concepts are related EXCEPT for the following:
A. "The invisible hand" B. Government regulations C. A government "five-year plan" D. Government planning
Harold purchased farmland a long time ago because he felt the stock market was too risky. Now he is afraid of the risk that someone will get hurt on his land and sue him. Which financial intermediary can Harold use to protect the money he has invested in farmland from being taken in a lawsuit?
a. a mutual fund b. a savings and loan c. a bank d. an insurance company
Recall the Application about the marginal cost involved in producing crude oil to answer the following question(s).Recall the Application. Which country has the highest marginal cost of extracting oil?
A. Saudi Arabia B. Russia C. United Arab Emirates D. Canada