A Decrease in Aggregate Demand Results in A(n)________ in the ________

question 223

Multiple Choice

A decrease in aggregate demand results in a(n) ________ in the ________.

• A)recession; long run
• B)expansion; long run
• C)expansion; short run
• D)recession; short run
• E)recovery; long run

---

Definitions:

Common Stock

A type of equity security that represents ownership in a corporation, with rights to vote on corporate policy and receive dividends.

Cash

Liquid currency held by a business for transactions, operational expenses, and other immediate needs.

Journal Entries

The recording of financial transactions in a company's ledger, detailing the accounts affected and the amounts debited or credited.

Authorized

Refers to the official approval or permission for something, often used in the context of authorized shares in a corporation.