The expenditure approach to GDP accounting includes

The purchase and sale of financial instruments is not included in calculations of investment spending because ________

A) not all of these transactions are reported to the federal government B) both foreign and domestic economic agents can engage in the described transactions, but only U.S. economic agents can engage in investment C) they do not necessarily lead to a change in the amount of output produced in the United States D) they are already including in consumption spending

A firm with a highly inelastic demand for coal will:

A. cut consumption less than a firm with a highly elastic demand when price goes up. B. refuse to cut consumption for any reason. C. stop using coal entirely if a tax is imposed. D. cut consumption more than a firm with a highly elastic demand when price goes up.