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Choose the Letter Below That Best Represents the Type of Shift

question 144

Multiple Choice

  Choose the letter below that best represents the type of shift that would occur in the following situation in the United States: When the economy overheated,the U.S.government cooled it down with higher taxes,spending reductions,and less money.(See Figure 8.6. )  A) A. B) B. C) C. D) D. Choose the letter below that best represents the type of shift that would occur in the following situation in the United States: When the economy overheated,the U.S.government cooled it down with higher taxes,spending reductions,and less money.(See Figure 8.6. )

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Definitions:

Financing Activities

Transactions and events whereby resources are obtained from, or repaid to, owners (equity financing) or creditors (debt financing).

Statement Of Cash Flows

A financial report showing the inflows and outflows of cash within a company over a specific period.

Net Income

The final amount a company earns after removing all outgoings and tax liabilities from its total income.

Indirect Method

A way of preparing a cash flow statement where net income is adjusted for changes in balance sheet accounts to reflect cash transactions.

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