If Consumer Confidence Falls,then Aggregate Demand Shifts

question 25

Multiple Choice

If consumer confidence falls,then aggregate demand shifts

• A)right,raising the inflation rate above its previous level.
• B)right,lowering the inflation rate below its previous level.
• C)left,raising the inflation rate above its previous level.
• D)left,lowering the inflation rate below its previous level.

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Definitions:

Eliminating Journal Entries

Eliminating journal entries are used in the consolidation process to remove the effects of inter-company transactions among entities within a consolidated group.

Consolidated Worksheet

An internal document used by accountants to combine the financials of a parent company and its subsidiaries, helping in the preparation of consolidated financial statements.

Consolidated Bonds Payable

The total amount of bonds owed by both a parent company and its subsidiaries as presented in consolidated financial statements.

Proposal

A plan or suggestion put forward for consideration or discussion, especially in a business or formal context.