Answer:
The correct option is d)
bank failures reduce the money supply, increase the interest rate and cause high inflation .
The correct option for the second question is a)
caused partly by the increase in government spending including spending to bail out failed financial institutions and by the deep decline in tax revenues as incomes and profits fell.
Explanation:
The recessions accompanied by a financial crisis are more severe than recessions that do not involve bank crises because ;
bank failures reduce the money supply, increase the interest rate and cause high inflation.
The large budget deficits of $1.4 trillion in fiscal year 2009 and $1.3 trillion in fiscal year 2010 were
;
caused partly by the increase in government spending including spending to bail out failed financial institutions and by the deep decline in tax revenues as incomes and profits fell.
Answer:
Direct material quantity variance= $4.9 unfavorable
Explanation:
Giving the following information:
Copper Burgers sells burgers with 0.5 lb meat on each burger. They expected to buy meat a $2.45/lb.
They made 100 burgers this week, and used 52 lbs of meat.
To calculate the direct material quantity variance, we need to use the following formula:
Direct material quantity variance= (standard quantity - actual quantity)*standard price
Standard quantity= 0.5*100= 50
Direct material quantity variance= (50 - 52)*2.45
Direct material quantity variance= $4.9 unfavorable
Answer: A straight downward sloping line
Explanation:
Accounts receivable and notes receivable
Answer:
The statement is: False.
Explanation:
In a market system or market economy, the output is determined by the natural forces of the market participants, that is demand and supply. Though, each of them intervenes in the economy according to their interest. Businessmen tend to control the production resources at will to generate revenue under this type of market.
