Tom buys a $5000 bond from XYZ Company. XYZ Company uses the $5000 to purchase a new piece of machinery. Whose spending would be an act of investment in the language of macroeconomics? a only Tom’s b Tom’s and XYZ Corporation’s c neither Tom’s nor XYZ Corporation’s d only XYZ Corporation’s

Essentials of Economics (MindTap Course List)
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ISBN:9781337091992
Author:N. Gregory Mankiw
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Chapter18: Savings,investment And The Financial System
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#44. Tom buys a $5000 bond from XYZ Company. XYZ Company uses the $5000 to purchase a new piece of machinery. Whose spending would be an act of investment in the language of macroeconomics?

 

a
only Tom’s
b
Tom’s and XYZ Corporation’s
c
neither Tom’s nor XYZ Corporation’s
d
only XYZ Corporation’s
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