Figure 11-4

question 77

Multiple Choice

Figure 11-4
-Refer to Figure 11-4. If a nonintervention policy were adopted in Panel (a) ,

• A) the aggregate demand curve would have eventually shifted as shown.
• B) the short-run aggregate supply curve would have eventually shifted to the left and restored full employment.
• C) the short-run aggregate supply curve would have eventually shifted to the right and restored full employment.
• D) both the aggregate demand curve and the short-run aggregate supply curve would have eventually shifted to the left.

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Definitions:

Generates Revenues

Generates revenues refers to the activities or strategies a company employs to earn income from its business operations.

Profitability

A measure of the efficiency and financial success of a company, usually determined by the ratio of its profits to its revenues.

Controllable Costs

Expenses that can be managed or influenced by decisions made by a company's management.

Noncontrollable Costs

Costs that cannot be influenced or altered by the actions of a manager or business unit, often determined by external factors.