Refer to Table 2-4. What is George's opportunity cost of ...

[vHAUNG6011]

Refer to Table 2-4. What is George's opportunity cost of cultivating a garden?
 
  A) one-half of a garden cultivated B) two lawns mowed
  C) two-thirds of a garden cultivated D) one and a half lawns mowed

Question 2

Expansionary monetary policy to prevent real GDP from falling below potential real GDP would cause the inflation rate to be ________ and real GDP to be ________.
 
  A) higher; higher B) higher; lower C) lower; lower D) lower; higher

[aidanmbrowne]

Answer to Question 1

B

Answer to Question 2

A

[vHAUNG6011]

TYSM

[mcabuhat]

Excellent