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lozanna [386]
3 years ago
6

Oscar is thinking of quitting his job and buying a business. He thinks he will earn $100,000 in the first year. He currently wor

ks for a firm and earns a salary of $50,000 / year.
What is Oscar's opportunity cost for buying the business?
Business
1 answer:
zepelin [54]3 years ago
7 0
Oscars opportunity cost for buying the business is 50,000
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Answer:

See below.

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For b, we again start by calculating the credit multiplier.

Credit multiplier = 1/0.10 = 10

Since the Fed want to stimulate investment, it needs to use an expansionary monetary policy.

The Fed thus increases the money supply by 150/10 = $15 billion.

This will have the total effect of 150 billion on the whole thus achieving the Fed's objectives.

Hope that helps.

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ikadub [295]

Answer:

Internal

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Answer:

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