When Variable Net Exports Are Added to the Aggregate Expenditure

question 5

Multiple Choice

When variable net exports are added to the aggregate expenditure line, the resulting planned aggregate expenditure line becomes

• A)steeper because net exports increase as real domestic income increases
• B)flatter because net exports increase as real domestic income increases
• C)steeper because net exports decrease as real domestic income increases
• D)flatter because net exports decrease as real domestic income increases
• E)flatter because imports decrease as real domestic income increases

Calculate and interpret the standard costs and actual costs differences.

Analyze the impact of actual production levels on standard cost variances.

Understand the concept and calculation of direct materials variances, including materials price and quantity variances.

Analyze and calculate the direct labor variances, including labor efficiency and rate variances.

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