Changes in Aggregate Demand Can Be Caused by Changes In

question 84

Multiple Choice

Changes in aggregate demand can be caused by changes in:

• A) wages.
• B) business costs.
• C) raw materials costs.
• D) government spending.

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Definitions:

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board that guide companies in preparing financial statements globally.

Cash-Basis Accounting

An accounting method where revenues and expenses are recorded only when cash is received or paid, irrespective of when the transactions occurred.

General Journal

A primary accounting record used to record all types of accounting transactions including both debits and credits.

Ledger

A book or collection of financial accounts.