What is a broad definition for an investment?
What will be an ideal response?
An investment is an action that creates a cost today but is expected to provide benefits in the future.
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The relationship between the unemployment rate and inflation is studied under:
A) microeconomics. B) macroeconomics. C) behavioral economics. D) international economics.
Differences in human capital among groups of workers is possibly a reflection of past discrimination
a. True b. False Indicate whether the statement is true or false
According to the real business cycle theory, ________ are responsible for economic growth.
A. expansionary fiscal and monetary policies B. positive shifts in the AS curve C. positive shifts in the AD curve D. trade and income policies
Empirical evidence suggests that usury laws
A) help poor consumers by lowering the interest rate they pay. B) hurt poor consumers by limiting their ability to borrow. C) keep interest rates low. D) limit the amount borrowed by wealthier consumers.