If the AD Curve Shifts Rightward While the AS Curve

question 101

Multiple Choice

If the AD curve shifts rightward while the AS curve and potential GDP don't change,then

• A)the economy will move from a peak into recession.
• B)the expansion phase of the business cycle occurs.
• C)there will be no change in real GDP,so the economy is at the peak of the cycle.
• D)there will be no change in real GDP,so the economy is at the trough of the cycle.
• E)real GDP does not change.

Comprehend the recording of inventory purchases and sales in accounting systems.

Identify the items that are included or excluded in calculating the cost of ending inventory.

Calculate the net income and gross profit from given financial data.

Recognize the terms related to title passage between buyer and seller, including FOB shipping point and FOB destination.

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Definitions:

Key Revenue Drivers

Critical factors or activities that significantly influence a company's revenue generation capability.

Customers

People who populate the segments of a market served by the offering.

Frequency

The rate at which something occurs over a particular period of time or in a given sample.

Franchise

A type of license purchased by a franchisee from an existing business called a franchisor to allow them to trade under the name of that business.