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Refer to the graph shown. From 1980 to 1985, the U.S. dollar appreciated over 60 percent. The effect of this appreciation on the AD curve can be shown by a movement from:
Mark Up
The percentage added to the cost price of goods to cover overhead and profit.
Direct Labor-Hours
This refers to the total number of hours worked by employees who are directly involved in the production of goods or services.
Machine-Hours
A measure of production activity that quantifies the total hours machines are operated in the manufacturing process.
Direct Labor Cost
The wages or salaries directly attributable to the production of goods or services, excluding indirect costs such as supervision and maintenance.
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