What is the difference between savings and investment?
What will be an ideal response?
Investment refers to the purchase of capital by firms and residential structures by households. Savings refers to postponing consumption by providing loanable funds.
Economics
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The rate of capacity utilization is a principal determinant of autonomous investment
Indicate whether the statement is true or false
Economics
A quality men's suit in the U.S. costs $400 . The same suit costs 300 British pounds in the U.K. The nominal exchange rate is .60 pounds per dollar. A. Find the real exchange rate. Show your work. B. In terms of dollars where is the suit cheaper?
Economics