Answer:
Here's my Macroeconomic model.
Explanation:
Thus, the five-sector model includes (1) households, (2) firms, (3) government, (4) the rest of the world, and (5) the financial sector. The financial sector includes banks and non-bank intermediaries that engage in borrowing (savings from households) and lending (investments in firms).
 
        
             
        
        
        
A) Direct labor hrs for car wheels = estimated wheels *direct labor per wheel  
 40,000 *1hr = 40,000      
    
Direct labor hrs for Truck      
 10,000 *	3hr= 30,000      
    
total direct labor hrs	40,000+30,000 = 70,000  hrs
Overhead rate is total est oh cost/ total direct labor hrs    
 770,000/70,000=	11.00    
B) Car truck wheels 40,000*11 =440,000
Truck wheels 10,000*11=110,000
 
        
             
        
        
        
Answer:
Recession cause standard monetary and fiscal effects.
Explanation:
Recession impact all kinds of business, large and small,due to tightening credit conditions, slower, demand, and general fear and uncertainty.
 
        
             
        
        
        
Answer:
Higher inflation, lower unemployment
Explanation:
There are no answer choices but in general, if there is economic growth, the LRAS curve (vertical) shifts right, and higher economic growth means more people become employed. Relating that to the phillips curve, lower unemployment will move up the curve to higher inflation.