The situation where the actual output (where AD and SRAS intersect) is less than LRAS, this is an example of an <u>inflationary gap</u>.
<h3>What is an
inflationary gap?</h3>
An inflationary gap refers to the difference between the real GDP and the full-employment real GDP. It is also called an expansionary gap.
The recessionary gap is when actual output (where AD and SRAS intersect) is <u>less</u> than LRAS.
<h3>What is
recessionary gap?</h3>
A recessionary gap refers to the situation that occur when the country's real GDP is lower than its GDP at full employment.
Read more about inflationary gap
<em>brainly.com/question/15707182</em>
Answer:
whys it taking so long to load bro
Explanation:
Answer:
1 suit
Explanation:
Danielle's consumption possibilities frontier is 6 pairs of new shoes or 3 suits.
- Her opportunity cost of consuming one extra pair of shoes instead of one suit = $50 / $100 = 0.5 suit or half a suit
- Her opportunity cost of consuming one suit instead of a pair of shoes = $100 / $50 = 2 pairs of shoes
If we want to calculate the opportunity cost of consuming 2 more pairs of shoes = 0.5 suit x 2 = 1 suit
Credit is a helpful tool because it allows people to borrow money that can be paid back later.(option B)
<h3>What is credit?</h3>
Credit is when a person makes use of a money he does not have. The money is usually acquired from a lender. The borrower would agree to pay at a future date. Interest is usually attached to the amount borrowed.
For example, if you want to buy a house but do not have the money, you can use mortgage. This is an example of credit.
To learn more about credit, please check: brainly.com/question/13864353
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The best answer choice would be "B". This gives the main idea of what your debate would be about. It is also clear, and not biased or opinionated.
I hope this helps!
~cupcake