Which One of the Following Statements Is Correct

question 1

Multiple Choice

Which one of the following statements is correct?

• A)Supply-side economics is the exact opposite doctrine to Keynesian economics as it advocates a focus on the supply side of the economy rather than the demand side.
• B)Supply-side economics argues against globalisation.
• C)US President Ronald Reagan's economic policies were heavily influenced by Keynesian economic theory.
• D)None of the above.

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Definitions:

Sales Revenue

The total amount of money generated from the sale of goods or services before any expenses are subtracted.

Credits

Accounting entries that increase liabilities or decrease assets, typically signaling the source of financing or revenue.

Single-Column Purchases Journal

An accounting journal used to record all purchase transactions of a business in a single column, typically for the purchase of inventory on credit.

Cash Payments Journal

A business ledger that documents every payment or cash disbursement made by a company.