If Aggregate Demand Falls Short of Current Output,business Firms Will

question 119

Multiple Choice

If aggregate demand falls short of current output,business firms will ________ production to ________ inventories.

• A)cut;keep from accumulating
• B)expand;keep from accumulating
• C)cut;build up
• D)expand;build up

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Definitions:

Merchandise Management

It involves the planning and control of the purchasing, handling, storage, and sale of goods in a retail setting to maximize profits.

Cash Registers

Electronic or mechanical devices used to calculate and record sales transactions, and to store cash for daily business operations.

Internal Control

Methods and protocols established by an enterprise to protect the veracity of its financial and accounting reports, support ethical conduct, and prevent malfeasance.

Electronic Funds Transfer

Electronic Funds Transfer (EFT) is the digital transfer of money from one bank account to another, either within the same financial institution or across different institutions.