Author Question: Capital, as a factor of production, refers to A) the tools and instruments used to produce other ... (Read 90 times)

cool · **on:** Jun 30, 2018

Capital, as a factor of production, refers to

A) the tools and instruments used to produce other goods and services.
B) stocks and bonds, but not money.
C) money, stocks, and bonds.
D) the production technology used by firms.
E) the production factors imported from abroad.

Question 2

A decrease in price level will

A) shift the planned expenditures curve upward.
B) cause a movement up along the planned expenditures curve.
C) shift the planned expenditures curve downward.
D) cause a movement down along the planned expenditures curve.