If There Is an Increase in Expected Future Income,then

question 56

Multiple Choice

If there is an increase in expected future income,then

• A)the aggregate demand curve shifts rightward.
• B)there is an upward movement along the aggregate demand curve.
• C)the aggregate demand curve shifts leftward.
• D)there is a downward movement along the aggregate demand curve.
• E)the aggregate demand curve becomes steeper.

---

Definitions:

Cost Of Goods Manufactured

The total production cost of goods completed during a specific period, including direct materials, direct labor, and manufacturing overhead.

Raw Materials Inventory

The total cost of all the materials not yet processed and used in the manufacturing of products, kept in inventory.

Direct Materials

Raw materials that are directly traceable to the manufacturing of a product and can be directly associated with the finished product.

Raw Materials Purchased

The total cost of raw materials bought by a company for the purpose of production in a specific period.