Fixed investment includes
A. business spending on plant and equipment.
B. expenses for training employees.
C. business salaries.
D. business spending on printing paper.
Answer: A
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People are most likely to make their opinions on a potential piece of legislation known to their representatives when
A) the legislation matters greatly to them, whether or not it affects their private interests. B) the legislation will affect their private interests substantially. C) they believe their actions will make enough difference to justify the effort. D) they can do so at low cost to themselves.
When a central bank aggressively tries to contain inflation via contractionary monetary policy, which condition is most likely to occur?
A. Disinflation B. Inflation C. Deflation D. Underinflation
If consumers save 15 cents out of every dollar received, the:
A. Multiplier is 15. B. MPS is 0.85. C. MPS is 0.15. D. Multiplier is 0.15.
Which of the following is the best example of an oligopolistic industry?
A. smartphone manufacturing B. public utilities C. convenience stores D. book publishing