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If technological change increases the profitability of new investment for firms,then the ________ curve for loanable funds will shift to the ________ and the equilibrium real interest rate will ________.
Periodic Inventory System
An accounting method where inventory levels and cost of goods sold are updated at specific intervals, rather than continuously.
Transactions
Financial events or exchanges between parties that have a monetary impact on the financial statements of a business.
Adjusted Trial Balance
A list of all accounts and their balances after adjustments are made, used to prepare financial statements.
Year-End Closing Entries
Journal entries made at the end of an accounting period to prepare the accounts for the next period by clearing out revenues and expenses to the income summary.
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