The goods or services purchased by a business for immediate use in the production process are known as

Consumption has fallen substantially in Techland due to pessimism among households. What will be the outcome if a contractionary monetary policy is adopted during this period?

What will be an ideal response?

Human capital refers to which of the following?

A) physical equipment that is made by human laborers, not machines B) manufactured goods that are used to produce other goods and services C) the quantity of goods and services that can be produced by one worker or by one hour of work D) the accumulated knowledge and skills workers acquire from education and training or from their life experiences