Suppose the economy is initially experiencing a recessionary ga ...

[APUS57]

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.

[hanadaa]

Answer to Question 1

B

Answer to Question 2

C

[APUS57]

Thank you

[hanadaa]

Happy to help you