In the Dynamic Aggregated Demand and Aggregate Supply Model,inflation Occurs

question 225

Multiple Choice

In the dynamic aggregated demand and aggregate supply model,inflation occurs if

• A)the AD curve shifts more to the right than the LRAS curve.
• B)the SRAS curve shifts more to the right than the AD curve.
• C)the AD curve shifts to the left and the SRAS curve shifts to the right.
• D)the AD curve shifts to the left and the LRAS curve shifts to the right.

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Definitions:

Net Income

The residual financial gain of a company post all expenses and taxes being deducted from the revenue.

Net Sales Revenue

Net Sales Revenue is the total revenue from sales of goods or services after deducting returned goods and any allowances or discounts.

Bank Reconciliation

A process of ensuring that the bank's records of an individual's or company's cash balance matches the financial records of the company.

Depositor's Book

A record book kept by a depositor, detailing all deposits and withdrawals from a bank account.