This topic contains a solution. Click here to go to the answer

Author Question: Suppose the economy is initially experiencing a recessionary ga A) a reduction in the size of the ... (Read 92 times)

APUS57

  • Hero Member
  • *****
  • Posts: 571
Suppose the economy is initially experiencing a recessionary ga
 
  A) a reduction in the size of the recessionary gap and increase in real GDP.
  B) an increase in the size of the recessionary gap and decrease in real GDP.
  C) an inflationary ga

Question 2

Consider two individuals, Nigel and Mia, who produce hair pins and bandanas. Nigel's and Mia's hourly productivity are shown in Table 3.3. Mia's opportunity cost of producing one bandana is
 
  A) 1/3 of a hair pin. B) 2.5 hair pins. C) 3 hair pins. D) 9 hair pins.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

hanadaa

  • Sr. Member
  • ****
  • Posts: 339
Answer to Question 1

B

Answer to Question 2

C





 

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

For a complete list of videos, visit our video library