Author Question: Purchases of existing commodities, such as gold and precious gems, are considered investment ... (Read 218 times)

swpotter12 · **on:** Jun 30, 2018

Purchases of existing commodities, such as gold and precious gems, are considered investment spending by economists.
a. True
b. False
Indicate whether the statement is true or false

Question 2

If a bank borrows 1,000 from the Fed and lends it out, the bank sets in motion a process that will result in an expansion of the money supply by a multiple of that 1,000.
a. True
b. False
Indicate whether the statement is true or false