Joan uses some of her income to buy mutual fund shares. A macroeconomist would refer to Joan's purchase as investment.

Name: Joan uses some of her income to buy mutual fund shares. A macroeconomist would refer to Joan's purchase as investment.
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In macroeconomics, investment refers to the purchase of goods that are used in the future to create wealth, such as machinery and infrastructure, not financial products like mutual fund shares. Joan's purchase is considered saving rather than investment.

Joan Uses Some of Her Income to Buy Mutual Fund