If Planned Expenditure Is Below Output,as the Economy Approaches Equilibrium,________

question 10

Multiple Choice

If planned expenditure is below output,as the economy approaches equilibrium,________.

• A)planned expenditure is falling
• B)output is rising
• C)saving is rising
• D)all of the above
• E)none of the above

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Definitions:

Discount Period

The timeframe within which a buyer can pay less than the full invoice amount if payment is made early, typically to encourage prompt payment.

Credit Period

The duration of time that a buyer is given by a seller to pay for goods or services received.

Sales Tax

A tax levied by governments on the sale of goods and services, collected by the retailer at the point of purchase.

General Journal Entries

The records of financial transactions in the general journal, noting debits and credits along with a description of each transaction.