Suppose that Abdul opens a coffee shop. He receives a loan from a bank for $100,000 . He withdraws $50,000 from his personal savings account. The interest rate on the loan is 8%, and the interest rate on his savings account is 2%. Abdul's annual implicit cost of capital is

When a price shock occurs, the inflation rate is affected ________

A) only in the period of the price shock B) only in the period after the price shock C) only if the price shock causes a change in output D) only if the price shock persists for more than one period E) none of the above

Refer to the graphs shown, which show indifference curve analysis with the associated demand curves.An increase in the price of Y most likely would cause a rational consumer to move from point:

A. H to point I. B. B to point A. C. C to point B. D. F to point D.