Examlex
Which of the following does NOT shift the short- run aggregate supply curve?
Gross Profit
The financial metric calculated by subtracting the cost of goods sold from the net sales, representing the profit from sales before deducting operating expenses.
LIFO
An inventory valuation method that assumes the last items placed in inventory are the first ones sold, standing for Last In, First Out.
Periodic Inventory System
An accounting method where inventory is physically counted at specific intervals to determine the cost of goods sold.
Cost Of Goods Sold
Expenses directly related to the manufacturing of products a company sells, such as raw materials and labor costs.
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