An example of "investment" in computing real GDP using the expenditure approach is the purchase of
A) a new set of tools by an auto mechanic, for use in repairing cars.
B) 100 shares of IBM stock.
C) a 100 year old house by a married couple.
D) computer chips by Dell to put in their personal computers.
A
Economics
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When the Fed sells government bonds it ____ reserves and ______ the money supply.
A) increases; increases B) decreases; increases C) decreases; decreases D) increases; decreases
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The exchange rate of Country X is set by government decisions and maintained by government actions. Country X follows a
a. floating exchange rate policy. b. free market exchange rate policy. c. pegged exchange rate policy. d. fixed exchange rate policy.
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