Examlex
A decrease in aggregate demand causes a decrease in ________ only in the short run,but causes a decrease in ________ in both the short run and the long run.
Personal Automobile
A vehicle intended for private use by individuals rather than for commercial or industrial purposes.
Sole Owner
An individual who has full ownership and control over a business, bearing all the risks and benefits of the entity.
Accounting Equation
The fundamental principle of accounting that states assets equal liabilities plus owners' equity, serving as the foundation for double-entry bookkeeping.
Stockholders' Equity
The ownership interest of shareholders in the assets of a corporation, calculated as total assets minus total liabilities.
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