Answer: By the end of the year I would be worst off
Explanation: This is because my savings would shrink ,although an interest is paid on the fixed account, the interest is not increasing at the rate at which the inflation is growing.
At any time savings don’t increase at the same rate as inflation, the owner of the fixed savings account will effectively lose money.
This is because with an increase in inflation comes a reduction in the buying power of an individual.
Answer:
The correct answer is D
Explanation:
The crowding out in economics is defined as the phenomenon which happen when increased government involvement in the sector of the market and the economy substantially affects the remainder of the market through demand or the supply side of the market.
Open economy is the economy where not only the domestic companies but also entities of another country in trade of products whereas the closed economy is the economy where there is no trading activity with the outside economies.
So, the crowding out impact would be larger in the open economy as compare to the closed economy.
What’s the full question? Depending on how fast you want to pay It off you could do the 515 at 3% for 3 years! But I’m not understanding why The payment is higher?
Answer:
MPLF/MPLC; becomes steeper
Explanation:
The slope of a country's production possibility frontier with cloth measured on the horizontal and food measured on the vertical axis in the specific factors model is equal to MPLF/MPLC and it becomes steeper as more cloth is produced.
Where
- MPLC is Marginal Product of Labor for Cloth.
- MPLF is Marginal Product of Labor for Food.
