Increases in the Availability of Natural Resources Will Affect the Aggregate

question 203

Multiple Choice

Increases in the availability of natural resources will affect the aggregate supply curve such that it

• A)shifts inward and becomes flatter.
• B)shifts inward.
• C)shifts outward.
• D)becomes flatter.
• E)becomes steeper.

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Definitions:

Statement of Cash Flows

A financial statement that provides aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources, as well as all cash outflows that pay for business activities and investments during a given period.

Bonds Payable

A financial accounting term that represents the amount owed by an entity to bondholders, typically a long-term liability on a company's balance sheet associated with borrowing through issuing bonds.

Separate Schedule

A detailed plan or chart made independently from other planning documents, focusing on specific activities or resources.

Statement of Cash Flows

A financial statement that provides aggregate data regarding all cash inflows and outflows a company receives from its ongoing operations and external investment sources.