Subaccounts

question 2

Multiple Choice

Subaccounts:

• A)Help to show various account groups in one separate section
• B)Help to keep track of finances by grouping and subtotaling categories
• C)Improves efficiency in your system
• D)Do not exist in QuickBooks

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Definitions:

Demand-Pull Inflation

A situation where prices rise because the demand for goods and services exceeds their supply in the economy.

Aggregate Demand

The total amount of goods and services demanded in the economy at a given overall price level and in a given time period.

Aggregate Supply

The total supply of goods and services available to an economy from producers at a given overall price level and at a given time period.

Hyperinflation

An extremely high and typically accelerating inflation rate, causing a rapid erosion of currency's value.