Which of the Following Correctly Describes the Automatic Mechanism Through

question 77

Multiple Choice

Which of the following correctly describes the automatic mechanism through which the economy adjusts to long-run equilibrium?

• A)The leftward shift in short-run aggregate supply that occurs after a recession.
• B)The rightward shift in short-run aggregate supply that occurs after a recession.
• C)The leftward shift in aggregate demand that occurs after a recession.
• D)The rightward shift in aggregate demand that occurs after a recession.

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Definitions:

Units Sold

The total number of individual items sold during a specified time period.

Units Received

Refers to the number of individual items or quantities of a product delivered to a recipient as part of a shipment or order.

Beginning Inventory

The worth of products ready to be sold at the beginning of a financial period.

Net Sales

The revenue generated from goods or services sold by a company after deducting returns, allowances, and discounts.