If the Aggregate Supply Curve Shifts Outward, Then Unemployment

question 16

Multiple Choice

If the aggregate supply curve shifts outward, then unemployment

• A)and inflation will both decrease.
• B)and inflation will both increase.
• C)will increase and inflation will decrease.
• D)will decrease and inflation will increase.

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Definitions:

Internal User

An internal user is an individual within an organization, such as managers and employees, who uses the financial information to make decisions regarding the operations of the company.

Accounting Data

Accounting data encompasses all the financial information and records of a business’s transactions, including sales, purchases, expenses, and revenues.

Reporting Entity Concept

An accounting principle that identifies the entity for which financial statements are prepared, distinct from its owners, managers, or other entities.