Question
Lucy buys a $5000 bond from Apple. Apple uses the $5000 to purchase a new piece of machinery. Whose spending would be an act of
Lucy buys a $5000 bond from Apple. Apple uses the $5000 to purchase a new piece of machinery. Whose spending would be an act of saving in the language of macroeconomics?
A. only Lucy's.
B. only Apple's.
C. Lucy's and Apple's.
D. neither Lucy's nor Apple's.
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Price Theory and Applications
Authors: Steven Landsburg
9th edition
1285423526, 978-1285947877, 1285947878, 978-1285423524
