Answer:
shifts the short-run Phillips curve up
Explanation:
The Phillips curve is a graph that shows the relationship between inflation and unemployment. In the short run, there is an inverse relationship between inflation and unemployment. The Phillip curve submits that high inflation is the cost to pay for economic growth. economic growth is accompanied by low unemployment. In the long run, there is no trade-off between inflation and unemployment.
An increase in expected inflation leads to an upward shift of the Phillips curve in the short run. Unemployment would stay unchanged. While a decrease in expected inflation leads to a downward shift of the Phillips curve
Stagflation in the 1970s have disproved the Phillips curve. Stagflation is when there is high unemployment and high inflation
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Answer: $1750
Explanation:
Given Data
Earnings = $44/ hr
Overtime Earnings = 1.5 times Of $44
= $66
Hours worked during the week = 55 hrs
Social security tax rate = 6.0%
Medicare tax rate = 1.5%
Federal income tax = $633
Therefore:
Gross pay = Normal pay + overtime pay
Normal pay
= $44 * 40 hrs
= $1760
Overtime pay
= $66 * 15 hrs
= $990
Gross pay = $1760 + $990
= $1750
Social security tax
= 0.06 * $2750
= $165
Medicare tax
= 0.015 * $2750
= $41.25
Total tax
= $633 + $41.25 + $165
= $839.25
Net pay
= $2750 - $839.25
= $1910.75
Answer:
I actually do think that people will stop buying this type of food from time to time because if it has calories added into it then it will make the price of the food go up and I don’t think that people would like that.For example, most people that are trying to keep their diet equal aren't going to buy this for two reasons.The first reason is because they don’t want to gain more calories and the second reason is because they don’t want to pay extra for calories.And to answer the question about the big mac, the price of it is just $13.20 and it just depends on how many calories are in there to add more to the price of the food. That's my answer to this question.
Explanation:
Answer:
$3,920 favorable
Explanation:
For computing volume variance first we have to find out the overhead rate which is shown below:
Overhead rate is
= $78,400 ÷ 4,000 machine hours
= $19.6 per machine hour
And, the
Volume variance is
= (Normal capacity - standard hour allowed) × overhead rate
= (4,000 machine hours - 4,200 machine hours) × $19.6
= $3,920 favorable
We simply applied the above formula so that the volume variance could come
