Planned investment spending ________
A) is equal to planned fixed investment spending plus government investment
B) is unrelated to the real interest rate
C) is heavily influenced by expectations about the future
D) all of the above
E) none of the above
C
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The largest source of federal government revenue in 2014 was
A) individual income taxes. B) payroll taxes to fund Social Security and Medicare programs. C) sales taxes. D) corporate income taxes.
The total amount of physical capital available in a country is know as the country's
A) capital stock. B) investment. C) savings. D) labor productivity.
Which is not one of the criteria necessary for a commodity to make a suitable medium of exchange?
A) It should be of standardized quality. B) It should be valuable relative to its weight. C) It should be durable. D) It should have intrinsic value.
Which of the following is NOT a mechanism the HPAE used to share wealth across all layers of society?
A) significant investments in rural infrastructure B) free public education C) tax policies that strongly redistributed income from rich to poor D) land reform