Answer:
So 10 wind crimes has an opportunity cost 15 bird houses
or 1.5 per unit.
Explanation:
The opportunity cost is the cost of the goods it could been produced instead of the current output.
For the 10 wind chimes it will be the decreases in the birdhours production.
When Horatio moves to 25 from 15 wind chimes his bird house production fall to 15 from 30 Therefore, it decreases by 15
So 10 wind crimes has an opportunity cost 15 bird houses
we can do this metric by unit:
15/10 = 1.5 each additional wind chimes cost 1.5 bird house.
Before we can answer which of the following is not a type of bank, we need to know first the definition of a bank<span>. A bank is a financial institution who is licensed and allowed to collect, receive money, manage your account and keeps your money secured. Banks </span>also offer<span> services, credits and loans. There are two types of </span>bank, namely<span>, commercial and investment banks.</span>
Print as Little as Necessary
Recycle
Don’t Throw Your Notes Away
Build Strong Relationships
Teach Essential Social Skills
Clarify Classroom and School Rules
The answer & explanation for this question is given in the attachment below.
Answer:
Suppose the economy is experiencing an output gap of –3%
a. Monetary policy or fiscal policy can be used to raise actual output toward potential output when:
The government can increase its spending or reduce taxes, which will shift the IS curve to the right and increase GDP.
The Fed can reduce the interest rate, which will shift the MP curve down and increase GDP.
b. The policies identified in part a,
can be used together to raise actual output toward potential output.
Explanation:
Investment-Savings (IS) curve shows all the levels of interest rates and output (GDP) at which an economy's total desired investment (I) equals its total desired saving (S). This equilibrium can be achieved at a level of interest rate that maximizes output. The IS curve slopes downward, and to the right because at a lower interest rate, investment is higher, which produces more total output (GDP) for the economy.
