One morning while working on an assignment, you realize that your computer is functioning very slow because of a new virus. Hence, you decide to get your computer serviced
Using this scenario, distinguish between the proximate cause and fundamental cause of getting your computer serviced.
In the given scenario, the proximate cause of getting the computer serviced is its slow functioning speed. On the other hand, the fundamental cause of getting the computer serviced is that it has been infested by a new virus, because of which the computer is functioning slowly.
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In economics, investment is defined as
A) disposable income plus consumption. B) disposable income minus consumption. C) the spending by businesses on capital goods and inventories. D) the spending by households on human capital and durable goods.
Everything else held constant, an increase in the excess reserve ratio will mean ________ in the M1 money multiplier and ________ in the M2 money multiplier
A) an increase; an increase B) no change; an increase C) a decrease; a decrease D) no change; a decrease