Aggregate Demand ________ and Shifts the AD Curve ________ When

question 298

Multiple Choice

Aggregate demand ________ and shifts the AD curve ________ when ________.

• A)decreases;leftward;the price level rises
• B)increases;leftward;taxes increase
• C)increases;rightward;foreign incomes increase
• D)decreases;rightward;government expenditure increases
• E)increases;rightward;taxes increase

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Definitions:

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a fixed asset since it was put into use.

Selling Price

The amount of money for which a product or service is offered for sale to customers.

Accrued Sales Revenues

Revenues earned during a period but not yet received in cash or recorded at the statement date.

Unearned Sales Revenues

Money received by a company for products or services yet to be delivered or performed, considered a liability until earned.