When the Quantity of Real GDP Demanded Exceeds the Quantity

question 58

Multiple Choice

When the quantity of real GDP demanded exceeds the quantity of real GDP supplied, firms

• A)decrease production and increase prices.
• B)decrease production and prices.
• C)increase production and lower prices.
• D)increase production and prices.
• E)do not change production because aggregate demand and potential GDP will adjust.

Analyze cash flow for performance measurement and understand its impact on company valuation.

Identify and understand the implications of cash equivalents and their reporting.

Apply AASB 107 in the preparation and presentation of the statement of cash flows.

Understand the importance of disclosing interest paid, dividends paid, and received in the statement of cash flows.

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