Hughes and Cain (2011) talk about falling levels of investment during
Hughes and Cain (2011) talk about falling levels of investment during the Great Depression. What does the “investment” that they are talking about refer to?
(a) Engineering ideas behind the industry of the era
(b) Money loaned by banks to consumers
(c) Land, labor, and equipment used in production
(d) Tools, equipment, machines, and buildings used in production
ANSWER
(d)
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