In the Long-Run ISLM Model and with Everything Else Held

question 7

Multiple Choice

In the long-run ISLM model and with everything else held constant,the long-run effect of a fall in net exports is to ________ real output and ________ the interest rate.

• A)increase;increase
• B)increase;not change
• C)not change;increase
• D)not change;decrease

Recognize the influence of media and cultural formulas on perception and society.

Be able to discuss the components of a culture production system.

Explain the cultivation hypothesis and its implications on societal perception.

Understand the concept, strategy, and implications of advergaming in modern advertising.

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Definitions:

Predetermined Overhead Rate

An estimated charge used to apply manufacturing overhead to individual products or job orders, calculated in advance of the period.

Machine-Hours

A measure of the total run time that a machine is utilized for production over a specific period, often used as a basis for allocating overhead costs.

Direct Labor-Hours

A measure of the total hours worked by employees who are directly involved in the manufacturing process or production of goods.

Predetermined Overhead Rate

A rate used to apply manufacturing overhead to products or job orders, calculated before the period begins by dividing estimated overhead costs by an estimated allocation base.