Suppose that an economy is characterized by M = $9 trillion V = 1.6 P = base index = 1.0 Instructions: Enter your responses rounded to two decimal places (do not include a negative sign (-) with your answers). a. What is the real value of output (Q)? $ trillion Now assume that the Fed increases the money supply by 20 percent and velocity remains unchanged. b. If the price level remains constant, by how much will real output increase? $ trillion c. If, instead, real output is fixed at the natural level of unemployment (= Q from part a), by how much will prices increase in percentage terms? % d. By how much would V have to decrease to offset the increase in M (assuming Q and P did not change)?

What is the most important type of decision that the financial manager makes?

Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget. the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead. a total of 119,300 units, using 478,000 direct labor hours, were produced during the year. actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.

Afirm is producing at minimum average total cost with its current plant. draw the firm's long-run average cost curve. label it. draw a point on the lrac curve at which the firm cannot lower its average total cost. draw the firm's short-run average total cost curve that is consistent with the point you have drawn. label it. g