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Author Question: Spending money on a new car instead of a used car when you are on a fixed budget is an example of ... (Read 23 times)

Ebrown

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on: Jun 30, 2018
Spending money on a new car instead of a used car when you are on a fixed budget is an example of
 
  A) a bad thing to do because you run out of money.
  B) living on the edge.
  C) the incursion of an opportunity cost.
  D) isolating variables.

Question 2

Which of the following statements best defines hyperinflation?
 
  A) It is a situation when the annual rate of inflation in an economy is between 20 to 50.
  B) It is a situation when the annual rate of inflation in an economy exceeds 50.
  C) It is a situation when the annual rate of inflation in an economy is between 10 to 20.
  D) It is a situation when the annual rate of inflation in an economy is between 0 to 10.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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ynlevi

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


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