Answer:
Option (C) is correct.
Explanation:
Actual output = 5100 units
Actual direct labor-hours = 3,380 hours
Actual direct labor cost = $74,698
The labor rate variance:
= (Actual Hours × Actual rate ) - ( Actual Hours × Standard Rate)
= $74,698 - ( 3,380 Hours × $20.40 Per Hour)
= $74,698 - $68,952
= $5,746 U
Since, the Actual is more than the Standard, the Variance is Unfavorable
Hence, the correct answer is $ 5,746 U
Answer: to increase interest rates which reduced aggregate demand.
Explanation:
Since the money supply was contracted to reduce the rate of inflation, this will lead to increase interest rates which reduced aggregate demand.
In this case as a result of the increase in the interest rate, people will prefer to save their money in the banks and thus will result in less money in circulation which ultimately reduces the demand for goods and services.
Answer:
The answer is A.
Explanation:
In each other presentation, choosing the “Reuse Slides” tool and then browsing to find the credits slide in the original presentation.
Brainliest please!!!!!!!!!
Answer:
$120 billion
Explanation:
Economy operating at $300 billion above its natural level of output.
Marginal propensity to consume, MPC = 3/5 = 0.6
For closing this expansionary gap, the government have to decrease its spending by the amount calculated as follows:
Spending multiplier:
= 1/ (1 - MPC)
= 1/ (1 - 0.6)
= 1/ 0.4
= 2.5
Hence, the government spending reduces by
= Expansionary gap ÷ Spending multiplier
= $300 ÷ 2.5
= $120 billion
