Which of the Following Is a FALSE Statement

question 50

Multiple Choice

Which of the following is a FALSE statement?

• A)the very long run focuses on the growth of productive capacity
• B)in the very long run, the productive capacity is assumed to be given
• C)in the very short run, shifts in aggregate demand determine how much output is produced
• D)fluctuations in the rates of inflation and unemployment are important long-run issues
• E)at the full-employment level of output, capital is not used 100 percent

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Definitions:

Accounts Receivable

Money owed to a business by its customers for goods or services sold on credit.

Fees Earned

Income or revenue generated by providing services, distinct from selling goods.

Supplies

Items used in the operation of a business but not directly related to the production of goods or services, such as office supplies.

Accounts Receivable

Money owed to a business by its clients or customers for goods or services delivered on credit.