Which would be considered an investment according to economists?
A. The purchase of stock in MacDonald's.
B. The selling of IBM corporate bonds.
C. The purchase of a new machine by Ford.
D. The buying of shares of Janus mutual funds.
Answer: C
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When real GDP equals potential GDP, the quantity theory of money says that an increase in the quantity of money brings an equal percentage
A) decrease in real GDP. B) decrease in velocity. C) decrease in the price level. D) increase in the price level. E) increase in real GDP.
Distinguish between the short-run and long-run Phillips curves
What will be an ideal response?
What is the shape of the monopolist's marginal revenue curve?
a. a downward-sloping line that is identical to the demand curve b. a downward-sloping line that lies below the demand curve c. a horizontal line that is identical to the demand curve d. a horizontal line that lies below the demand curve
Recall the Application about how the price of CO2 permits in the European Union is determined to answer the following question(s).Recall the Application. Which of the following factors caused the increase in the price CO2 allowances in the EU in 2017?
A. Members agree on reforms that will increase the supply of allowances. B. Members agree on abolishing the Emissions Trading System (ETS). C. The United States decides to increase its supply of allowances. D. Members agree on reforms that will decrease the supply of allowances.