Expansionary Fiscal Policy Will

question 207

Multiple Choice

Expansionary fiscal policy will

• A)shift the aggregate demand curve to the left.
• B)shift the aggregate demand curve to the right.
• C)not shift the aggregate demand curve.
• D)shift the short-run aggregate supply curve to the left.

---

Definitions:

Labor Efficiency

The measure of the amount of work accomplished with a specific amount of labor input.

Labor Quantity Variance

The difference between the actual labor hours worked and the standard hours expected, multiplied by the standard labor rate.

Total Labor Variance

The difference between the actual labor costs incurred and the standard labor costs for the actual production achieved.

Direct Labor Price Variance

The difference between the actual cost of direct labor and the expected (or standard) cost, based on the actual hours worked.