All of the following are included in gross private domestic investment expenditure EXCEPT a
A) business's purchase of a fleet of cars.
B) household's purchase of a new house.
C) business's purchase of another company's stock.
D) a retail store's purchase of shoes to add to its inventory.
C
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The FHLBS gives loans to S&Ls and thus performs a function similar to the ________ for commercial banks
A) Federal Reserve B) U.S. Treasury C) Office of the Comptroller of the Currency D) U.S. Mint
A main argument against indexing is that: a. it can worsen inflation
b. it can reduce asset prices. c. transaction costs are too high. d. it could lead to deflation.
An examination of tax rates for federal income tax in the United States demonstrates that for most people, the marginal tax rate is ______.
a. lower than the average tax rate b. the same as the average tax rate c. higher than the average tax rate d. the inverse of the average tax rate
If the U.S. dollar increases in value relative to other currencies, how does this affect the aggregate demand curve?
A) This will move the economy up along a stationary aggregate demand curve. B) This will move the economy down along a stationary aggregate demand curve. C) This will shift the aggregate demand curve to the left. D) This will shift the aggregate demand curve to the right.