Fiscal Policy Actions That Are Intended to Have Long-Run Effects

question 247

Multiple Choice

Fiscal policy actions that are intended to have long-run effects on real GDP attempt to increase ________ through changing ________.

• A)aggregate demand; government spending
• B)aggregate supply; taxes
• C)aggregate demand; taxes
• D)aggregate supply; government spending
• E)aggregate supply; wage rates

Understand the components and structure of the manufacturing statement.

Distinguish between product and period costs, and understand their impact on financial statements.

Identify the role and elements of an internal control system within a manufacturing environment.

Define and classify costs in different cost categories (direct materials, direct labor, and manufacturing overhead).