Answer and Explanation:
In the 1st Scenario, money is used as a unit of account, which means it is used to exchange goods or services.
In the 2nd Scenario, money is used for future saving or future use, so it is included in the Store of value.
In the 3rd Scenario, money is used for the purchase of food, So it is called the medium of exchange.
It could either be C or D. She wants to identify alternatives and to also evaluate to see which one has the most benefits.
Answer:
Elasticity of demand measures how the amount of a good changes when its price goes up or down.
Explanation:
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Answer:
b. $1,144 unfavourable.
Explanation:
The computation of the variable overhead efficiency variance is shown below:
= (Actual Hours - Standard Hours) × Standard rate per hour
=(1,700 - 8.1 × 200 units) × $14.30
= 80 × $14.30
= $1,144 unfavorable
hence, the variable overhead efficiency variance is $1,144 unfavorable
Therefore the option b is correct
Answer: . an increase in aggregate demand and short-run aggregate supply
Explanation:
From the question, we are informed that during the 1990s, the economy of the United States was experiencing long-run economic growth, low unemployment, and a stable inflation rate.
The reason for this is due to an increase in aggregate demand and short-run aggregate supply. This two factors will lead to the long run economic growth which the United States experienced.