Gross private domestic investment consists of _____
a. spending by individual households on automobiles and durable goods
b. spending by businesses on labor resources
c. net additions to business inventories
d. spending by government on welfare benefits
e. spending by households on stocks and bonds
c
Economics
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The vertical axis in the AD-AS model shows:
A. the economy's real GDP growth rate. B. the economy's inflation rate. C. the economy's short-term interest rate. D. the economy's nominal GDP growth rate.
Economics
Which of the following is not a durable good?
A) clothing B) automobile C) refrigerator D) furniture
Economics