Which Statement Is Correct

question 37

Multiple Choice

Which statement is correct?

• A)A movement along the AD curve results from a price change
• B)The AS curve will shift leftwards if the labour force decreases
• C)If there is excess aggregate demand at the current price level, the price level will rise
• D)The long-run AS curve shows each firm is producing at its capacity and there is full employment

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Definitions:

Electric Bill

A monthly statement that quantifies and charges for electricity consumption.

Balance Sheet

A financial statement showing a company's assets, liabilities, and shareholders' equity at a specific point in time.

Total Assets

The sum of all assets owned by a company at a given time, including current, fixed, and intangible assets.

Stockholders' Equity

The residual interest in the assets of an entity after deducting its liabilities, representing the ownership interest of the shareholders.