Which of the Following Will Cause Output to Increase in the Long-

question 26

Multiple Choice

Which of the following will cause output to increase in the long- run?

• A) a decrease in the money supply
• B) a decrease in government spending
• C) an increase in income taxes
• D) None of the above will increase output in the long run.

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Definitions:

Payroll Register

A document that summarizes the wages, deductions, and net pay for all employees for a specific payroll period.

Deductions

Amounts subtracted from gross income or revenue to determine taxable income, which can include expenses, allowances, and exemptions.

Contingent Liabilities

Liabilities that could arise based on the result of an upcoming event.

Future Event

An occurrence or situation that has not yet happened but is expected or likely to occur.