Which of the following would be classified as private investment spending?
a. A family's purchase of a new home
b. An automobile producer's purchase of steel for use in building new cars
c. A paper company's purchase of timber
d. A household's purchase of AT&T stock
e. The government's purchase of a new office building
A
Economics
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The Federal Reserve System is run by the President of the United States
a. True b. False Indicate whether the statement is true or false
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