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Ronch [10]
3 years ago
8

Keynesians argue that the interest elasticity of the demand for money is

Business
1 answer:
lorasvet [3.4K]3 years ago
5 0

Answer:

The correct answer is letter "C": relatively high, while monetarists argue it is low.

Explanation:

Keynesian Economics is a school of thought in which the government plays an important role in mitigating economic recessions. It is named after British economist John Maynard Keynes (1883-1946) who argued that governments need to push against economic tides in order to loosen the impact of the boom and bust cycles that are inevitable in a free market economy.  

Associated with American economist Milton Friedman (11912-2006) Monetarism states that the government must keep the money supply fairly steady, increasing it marginally each year primarily to allow the economy to grow naturally. Monetarists consider the fiscal policy as less effective than monetary policy due to the low-interest elasticity of the demand for money, opposite to the idea of Keynesians.

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Xavier and Shawn are co-owners of a party-planning business. They split all of the profits 50-50 and are able to make decisions
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When disney builds a new amusement park in the united states, it is counted as part of gdp?
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Many new ventures focusing on craft beer have been launched. If the goal is to make a profit, perhaps it would have been a bette
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Answer:

a. Total rate variance = $1,660 Unfavorable

b. Total efficiency variance = $450 Unfavorable

Explanation:

From the question, we have:

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Standard rate = Standard rate for hops = $13.00 per pound

Barrels of Hopalong beer produced = 40

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Standard quantity = Standard pounds of hops = Standard for hops * Barrels of Hopalong beer produced = 20 * 40 = 800 pounds

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b. Compute the total efficiency variance for the past month

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