At the end of the future period, in the real intertemporal model with investment
A) the firm's capital becomes useless and is thrown away.
B) the firm's capital is used to produce more capital for the distant future.
C) the firm can convert capital one-for-one into consumption goods.
D) the firm's capital is converted into labor.
C
Economics
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If nominal GDP = $900 billion and the public holds $300 billion in M2, then the velocity of the M2 money supply is
A) 1. B) 2. C) 3. D) 4.
Economics
In a closed economy, which of the following equations reflects investment? (Y = GDP, C = Consumption, G = Government purchases, T = Taxes, and TR = Transfers)
A) Y - C - G B) Y - C - T C) Y - T + TR D) C + G -T
Economics