Indicate whether each of the following costs of an automobile manufacturer would be classified as direct materials, direct labor, or manufacturing overhead. (a) select an option Windshield. (b) select an option Engine. (c) select an option Wages of assembly line worker. (d) select an option Depreciation of factory machinery. (e) select an option Factory machinery lubricants. (f) select an option Tires. (g) select an option Steering wheel. (h) select an option Salary of painting supervisor.

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.