If the economy is self-regulating and in a recessionary gap, what happens? Question 5 options: Wages rise, the SRAS curve shifts leftward, and both Real GDP and the price level rise. Wages fall, the SRAS curve shifts leftward, the price level rises, and Real GDP falls. Wages fall, the SRAS curve shifts rightward, and both the price level and Real GDP fall. Wages fall, the SRAS curve shifts rightward, the price level falls, and Real GDP rises. none of the above

Bandar industries berhad of malaysia manufactures sporting equipment. one of the company’s products, a football helmet for the north american market, requires a special plastic. during the quarter ending june 30, the company manufactured 35,000 helmets, using 22,500 kilograms of plastic. the plastic cost the company $171,000. according to the standard cost card, each helmet should require 0.6 kilograms of plastic, at a cost of $8 per kilogram. 1. what is the standard quantity of kilograms of plastic (sq) that is allowed to make 35,000 helmets? 2. what is the standard materials cost allowed (sq x sp) to make 35,000 helmets? 3. what is the materials spending variance? 4. what is the materials price variance and the materials quantity variance?