The master budget of Sheridan Company shows that the planned activity level for next year is expected to be 50000 machine hours. At this level of activity, the following manufacturing overhead costs are expected: Indirect labor $720000
Machine supplies 180000
Indirect materials 150000
Depreciation on factory building 90000
Total manufacturing overhead $1140000

A flexible budget for a level of activity of 60000 machine hours would show total manufacturing overhead costs of:

a. $1278000.
b. $1350000.
c. $1140000.
d. $1368000.

Crowding out is a phenomenon focused upon most by the macroeconomists of whereby a government deficit interest rates, which in turn private investment spending. this group also believed that fiscal policy is the only thing that can lower natural unemployment. is just as effective in countering recessions as monetary policy. can be used most of the time, but monetary policy becomes a better option when velocity is fluctuating. should be used only if the central bank follows a monetary policy rule. faces problematic lags in propagating changes throughout the economy.