If an Active Approach Is Followed in Closing an Expansionary

question 109

Multiple Choice

If an active approach is followed in closing an expansionary gap,_____.

• A)the aggregate demand curve would shift rightward
• B)the aggregate demand curve would shift leftward
• C)the short-run aggregate supply curve would shift rightward
• D)the short-run aggregate supply curve would shift leftward
• E)there would be a movement up and to the left along the short-run supply curve

---

Definitions:

Value Chain

A series of activities that businesses go through to deliver a valuable product or service to the market.

Management Accounting

The process of preparing management reports and accounts that provide accurate and timely financial and statistical information required by managers to make day-to-day and short-term decisions.

Activity-Based Costing

A costing methodology that assigns overhead and indirect costs to specific activities, leading to more accurate product or service costing.

Mass Service

A service concept characterized by high service volume and process standardization, catering to a large market with minimal customization.