Helen gives up the opportunity to bake 40 cakes for each room she paints; Josh can paint one room in the time it takes him to bake 60 cakes. The opportunity cost of a cake for Josh is
a. painting one room
b. painting 1/40 of a room
c. painting 1/60 of a room
d. painting 2/3 of a room
e. painting 3/2 of a room
C
Economics
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In the Keynesian model, which of the following will cause a reduction in interest rates?
A) An increase in money demand B) An increase in money supply C) An increase in saving D) A decline in saving
Economics