A Change in the Aggregate Quantity of Goods and Services

question 98

Multiple Choice

A change in the aggregate quantity of goods and services supplied at every price level is called a

• A) change in short-run aggregate supply.
• B) change in long-run aggregate supply.
• C) change in short-run aggregate quantity of output supplied.
• D) determinant of short-run aggregate supply.

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Definitions:

Short-term Financing

This refers to financial obligations or loans that are due for repayment within a period of one year or less, often used for managing daily business operations.

Yield Curve

A graphical representation showing the relationship between the yield on securities with differing terms to maturity, typically for government bonds.

Working Capital

The difference between a company’s current assets and current liabilities, indicating short-term financial health.

Financing Policy

The strategies and guidelines that a company adopts to manage its financial affairs, including decisions on debt, equity, and capital structure.