According to the classical economists, which of the following statements is false? Question 21 options: There is a direct relationship between the amount individuals save and the interest rate. There is a direct relationship between the amount business firms invest and the interest rate. As the interest rate rises, the quantity supplied of loanable funds rises. Interest rate flexibility will ensure that saving is equal to investment.

Moody corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. at the beginning of the year, the company made the following estimates: machine-hours required to support estimated production 100,000 fixed manufacturing overhead cost $ 650,000 variable manufacturing overhead cost per machine-hour $ 3.00 required: 1. compute the plantwide predetermined overhead rate. 2. during the year, job 400 was started and completed. the following information was available with respect to this job: direct materials $ 450 direct labor cost $ 210 machine-hours used 40