In the Long Run,aggregate Demand Is ________ for Determining Real

question 69

Multiple Choice

In the long run,aggregate demand is ________ for determining real GDP,and the "paradox of thrift" ________.

• A)not important; applies
• B)not important; does not apply
• C)the only influence; applies
• D)the most important influence; does not apply
• E)stable and important; applies

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Definitions:

Profit Margin

A financial metric that measures the amount of net income generated as a percentage of revenues, indicating the efficiency of a company in turning sales into profits.

Over Budget

A situation where actual spending exceeds the planned or allocated budget for a project or operation.

Budget

An estimated financial plan for a defined period, often one year, detailing projected income and expenditures and guiding financial decision-making.

Activity Base

A measure used for allocating costs to specific activities, such as machine hours or labor hours, that drives the incurrence of costs.