The Coffee Nook, a small cafe near campus, sells cappuccinos for $2.50 and Russian tea cakes for $1.00 each. What is the opportunity cost of buying a cappuccino?
A) $1.00 B) $2.50
C) 2/5 of a Russian tea cake D) 2 1/2 Russian tea cakes
D
Economics
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Figure 9.1 shows three aggregate demand curves. A movement from curve AD2 to curve AD1 could be caused by a(n)
A) increase in the price level. B) increase in government spending. C) increase in the money supply. D) increase in taxes.
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