The Long-Run Aggregate Supply Curve Is _____

question 65

Multiple Choice

The long-run aggregate supply curve is _____.

• A) downward sloping
• B) upward sloping
• C) a vertical line
• D) a horizontal line

---

Definitions:

DSO

Stands for Days Sales Outstanding, a measure used by companies to assess the average number of days it takes to collect payment after a sale has been made.

Bad Debt

Money owed to a company that is unlikely to be paid by the debtor, often considered a loss for the company.

Credit Policy

The guidelines a company follows to determine credit terms for customers, including payment terms, credit limits, and how to handle late payments.

Incremental Pre-tax Profits

Additional earnings before taxes that result from specific actions or decisions, used in investment appraisal.