Which of the Following Results in the Aggregate Demand Curve

question 261

Multiple Choice

Which of the following results in the aggregate demand curve shifting rightward year after year?

• A) a one-time increase in government expenditures on goods and services
• B) inflation
• C) growth in the quantity of money
• D) a one-time tax cut

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Definitions:

Standard Costs

Predetermined costs for material, labor, and overhead used as benchmarks against which to compare the actual production costs.

Direct Material

Raw materials that are directly traced and assigned to the production of a specific product.

Materials Quantity Variance

The difference between the actual quantity of materials used in production and the expected quantity, multiplied by the standard cost per unit of material.

Kilos

A metric unit of mass equal to one thousand grams, commonly used for measuring weight in many countries.