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Figure 30-3. On the graph, MS represents the money supply and MD represents money demand. The usual quantities are measured along the axes.
-Refer to Figure 30-3. At the end of 2009 the relevant money-supply curve was the one labeled MS1. At the end of 2010 the relevant money-supply curve was the one labeled MS2. Assuming the economy is always in equilibrium, what was the economy's approximate inflation rate for 2010?
Direct Materials Used
The raw materials directly traced to the manufacturing of a product and included in its cost.
Actual Overhead
The actual incurred costs associated with running a production or operation, excluding direct materials and direct labor.
Cost of Goods Sold
Costs directly related to the manufacturing of goods a company sells, which cover materials and workforce expenses.
Finished Goods Inventory
The stock of completed products that are ready to be sold but have not yet been sold.
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