According to the Aggregate Demand and Aggregate Supply Model, in the Long

question 21

Multiple Choice

According to the aggregate demand and aggregate supply model, in the long run an increase in the money supply leads to

• A)increases in both the price level and real GDP.
• B)an increase in real GDP but does not change the price level.
• C)an increase in the price level but does not change real GDP.
• D)no change in either the price level or real GDP.

Understand the components of stockholders' equity and the roles of authorized, issued, and outstanding shares.

Record and differentiate between par value and no-par value stock transactions.

Calculate the effects of stock transactions on retained earnings.

Understand the different dates associated with dividends (declaration, record, and payment).

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