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Author Question: Suppose the economy is initially experiencing a recessionary ga A) a reduction in the size of the ... (Read 109 times)

APUS57

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on: Jun 30, 2018
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.


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hanadaa

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

B

Answer to Question 2

C


APUS57

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Reply #2 on: Jun 30, 2018
Thank you :)


hanadaa

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Reply #3 on: Jun 30, 2018
Happy to help you


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