Considering both product markets and resource markets, most economic decision makers participate in the economy as both buyers and sellers

Automatic stabilizers do not include

a. taxes b. interest rates c. transfer payments d. forward-looking behavior e. enhancing the multiplier effect

Anya has decided to start her own hair-styling salon. To purchase the necessary equipment, Anya withdrew $10,000 from her savings account, which was earning 3% interest, and borrowed an additional $5,000 from the bank at an interest rate of 8%. What is Anya's annual opportunity cost of the financial capital that has been invested in the business?

a. $300 b. $400 c. $700 d. $1,650