According to Keynesians,fiscal Policy Affects

question 140

Multiple Choice

According to Keynesians,fiscal policy affects

• A)Real interest rates only.
• B)Aggregate spending,prices,and nominal interest rates only.
• C)Aggregate spending,real output,and real interest rates,with possible effects on prices and nominal interest rates.
• D)The velocity of money only.

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Definitions:

Labor Efficiency Variance

The difference between the actual number of labor hours used in production and the standard hours expected for that level of production, multiplied by the standard hourly labor rate.

Particular Product

A specific item or commodity that is produced or sold by a business.

Last Month

Refers to the month immediately preceding the current month, used in reporting and analysis to compare recent performance or activity.

Materials Price Variance

The difference between the actual cost of materials used in production and the standard cost multiplied by the actual quantity of materials used.