Investment, as defined by economists, would include the purchase of a
A) Treasury bond.
B) corporate bond.
C) share of stock in Facebook.
D) cargo van by a delivery company.
D
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The self-correcting property of the economy means that output gaps are eventually eliminated by:
A. increasing or decreasing potential output. B. government policy. C. decreasing inflation only. D. increasing or decreasing inflation.
Any dollar amount received by a seller above the marginal cost of production is known as a
A. producer surplus. B. willingness to accept. C. consumer surplus.
Which of the following events could result in the consumption function shifting from CF0 to CF1?
A) a decrease in wealth B) an increase in expected future income C) a decrease in disposable income D) an increase in disposable income E) an increase in the real interest rate
A bank has $30,000 in deposits and has $5,400 in reserves. What is its reserve ratio?