Figure 12-2 -The Demand D₁ and Short-Run Supply SSR of Accountants Is

question 194

Multiple Choice

Figure 12-2

-The demand D₁ and short-run supply SSR of accountants is indicated in Figure 12-2.Which of the following would most likely shift the demand for accountants from D₁ to D₂?

• A)an increase in the number of accounting majors in college
• B)enacting legislation that increases the complexity of personal and business tax returns
• C)high wages for accountants
• D)a reduction in the wages of bookkeepers,a substitute resource for accountants

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Definitions:

Stream of Consciousness

A literary style or mental process where thoughts and feelings are presented in a continuous flow, mimicking the human mind's natural operation.

Circadian Rhythm

The physical, mental, and behavioral changes that follow a daily cycle, responding primarily to light and darkness in an organism's environment.

Level of Awareness

The extent to which an individual is conscious of aspects of their environment or personal experiences.

Automatic Processing

The ability of the brain to perform tasks with little or no conscious thought, often developed through repetitive practice and learning.