Fran buys 1,000 shares of stock issued by Miller Brewing. In turn, Miller uses the funds to buy new machinery for one of its breweries
a. Fran and Miller are both investing.
b. Fran and Miller are both saving.
c. Fran is investing; Miller is saving.
d. Fran is saving; Miller is investing.
d
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Refer to Table 4-4. If a minimum wage of $10.50 an hour is mandated, what is the quantity of labor demanded?
A) 400,000 B) 370,000 C) 340,000 D) 60,000
Satya Nadella is the Chief Executive Officer of Microsoft as well as a member of Microsoft's board of directors. Nadella is therefore classified as an
A) outside director. B) inside director. C) independent director. D) unbiased director.
Which of the following is NOT a real world factual conflict with the neoclassical growth model?
A) Income per capita varies greatly across countries. B) Poor countries do not have a higher rate of return on capital. C) Immigrant labor from poor countries experiences very small increases in income when it moves to rich countries. D) Poor countries' income levels have not converged to the income levels of rich countries.
Which of the following will decrease aggregate demand?
a. An increase in government expenditure b. An increase in consumption c. An increase in investment spending d. An increase in imports