In economics, investment always refers to
A. the creation of capital.
B. an increase in per capita output.
C. increasing the quantity of labor.
D. the act of buying stocks or bonds.
Answer: A
Economics
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Suppose an economy has the following characteristics: 100 people in the noninstitutional population; 40 people employed; 50 people not in the labor force. How many people are unemployed?
A) 100 B) 90 C) 50 D) 40 E) 10
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Unlike the Classical economists, Keynes believed that money could affect real economic activity through its effects on
A) the price level. B) the interest rate. C) savings. D) velocity.
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