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Author Question: Economists use the word capital to mean A) purchases in the market for stocks and bonds. B) the ... (Read 188 times)

roselinechinyere27m

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Economists use the word capital to mean
 
  A) purchases in the market for stocks and bonds.
  B) the tools, instruments, and other produced goods used to produce goods and services.
  C) the workers that firms employ to produce goods and services.
  D) the funds that firms use to buy and operate their businesses.
  E) people's skills and talents.

Question 2

The idea of the multiplier is that a change in ________ expenditure changes real GDP, which then changes ________ expenditure. The change in total expenditure will be larger than the initial change in ________ expenditure.
 
  A) induced; induced; autonomous
  B) induced; autonomous; induced
  C) autonomous; induced; autonomous
  D) induced; autonomous; autonomous
  E) autonomous; induced; induced



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Jane

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Answer to Question 1

B

Answer to Question 2

C




roselinechinyere27m

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)


gcook

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Reply 3 on: Yesterday
Wow, this really help

 

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