The opportunity cost of an activity is A) the dollar cost to ...

[big1devin]

The opportunity cost of an activity is
 
  A) the dollar cost to engage in the activity.
  B) the value of the resources needed to conduct the activity.
  C) the same for all who participate in the activity.
  D) what you sacrifice to engage in the activity.

Question 2

Suppose the Federal Reserve lowers the federal funds rate. Put the following changes in order in which they occur, starting with the changes that take place almost immediately and ending with the changes that may occur up to a year afterwards:
 
  i. Quantity of money increases.
  ii. Quantity of reserves increases.
  iii. Aggregate demand increases.
  iv. The long-term real interest rate falls.
  A) ii-i-iv-iii B) i-ii-iii-iv C) i-ii-iv-iii D) ii-i-iii-iv E) iii-iv-i-ii

[sabina576]

Answer to Question 1

D

Answer to Question 2

A

[big1devin]

TYSM

[ktidd]

Excellent