A Technological Advance ________ Aggregate Supply,shifting the Aggregate Supply Curve

question 151

Multiple Choice

A technological advance ________ aggregate supply,shifting the aggregate supply curve ________ and potentially bringing the ________ phase of the business cycle.

• A)decreases;rightward;expansion
• B)decreases;leftward recession
• C)increases;rightward;expansion
• D)increases;rightward;recession
• E)increases;leftward;expansion

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Definitions:

Generally Accepted Accounting Principles

A collection of commonly-followed accounting rules and standards for financial reporting that is adopted by most countries.

ASPE

Accounting Standards for Private Enterprises, which are the accounting standards used by private companies in Canada.

Earnings Per Share

A measure of a company's profitability that calculates how much money shareholders would receive for each share they own if all profits were distributed.

Going Concern Assumption

A principle in accounting that assumes a company will continue its operations into the foreseeable future and is not expected to liquidate.