Use the Following to Answer Questions

question 15

Multiple Choice

Use the following to answer questions:
Figure: Aggregate Supply
-(Figure: Aggregate Supply) Refer to Figure: Aggregate Supply. At point F, potential output is _____ than actual output and unemployment is _____.

• A) less; high
• B) less; low
• C) higher; high
• D) higher; low

---

Definitions:

Uncollectible Accounts

Accounts receivable that a business does not expect to collect and writes off as a loss.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Uncollectible Accounts

Uncollectible accounts are debts owed to a company that are considered uncollectable and are written off as a bad debt expense.