The Main Process by Which a Recessionary Gap Is Eliminated

question 208

Multiple Choice

The main process by which a recessionary gap is eliminated is a(n)

• A)increase in wages that shifts the aggregate supply curve inward.
• B)drop in wages that shifts the aggregate demand curve inward.
• C)increase in wages that shifts the aggregate demand curve outward.
• D)drop in wages that shifts the aggregate supply curve outward.

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Definitions:

Operating Segments

Aspects of a business for which individual financial details are accessible and are consistently reviewed by the principal operating decision maker for the purposes of resource distribution and performance assessment.

Revenue Test

An assessment used in various contexts to determine if a certain level of revenue has been achieved or to evaluate the revenue-generating capability of a business.

Operating Segments

Components of a business for which separate financial information is available and evaluated regularly by the company's decision makers.