An Increase in Aggregate Demand Is Shown by a

question 169

Multiple Choice

An increase in aggregate demand is shown by a

• A) rightward shift the AD curve.
• B) movement upward along the AD curve.
• C) movement downward along the AD curve.
• D) leftward shift the AD curve.

---

Definitions:

Materials Price Variance

The difference between the actual cost of materials and the expected (standard) cost.

Raw Material

The basic material from which a product is made, used in the initial stages of production.

Materials Price Variance

The difference between the actual cost of materials and the standard cost multiplied by the quantities purchased.

Materials Quantity Variance

The difference between the actual quantity of materials used in production and the expected quantity, based on the standard cost.