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Pessimism
Suppose the economy is in long-run equilibrium. Then because of corporate scandal, international tensions, and loss of confidence in policymakers, people become pessimistic regarding the future and retain that level of pessimism for some time.
-Refer to Optimism.Which curve shifts and in which direction?
Accounting Information
The data produced through the accounting process, which is used for decision-making, financial analysis, and reporting.
Economic Event
An occurrence with the potential to affect the financial status or performance of an entity, such as a transaction, market fluctuation, or regulatory change.
Financial Information System
A system that collects and processes financial data to produce reports useful for decision-making purposes.
Fair Market Value
An estimate of the price at which an asset would change hands between a willing buyer and seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of relevant facts.
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