Disinflation Would Eventually Cause

question 75

Multiple Choice

Disinflation would eventually cause

• A)the short-run and the long-run Phillips curve to shift right.
• B)the short-run and the long-run Phillips curve to shift left.
• C)the short-run Phillips curve, but not the long-run Phillips curve, to shift right.
• D)the short-run Phillips curve, but not the long-run Phillips curve, to shift left.

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Definitions:

Intra-entity Gross Profit

The profit recognized within a consolidated entity from transactions among its varying parts, not yet realized outside the entity.

Consolidation Worksheet

A document used in the preparation of consolidated financial statements which combines the financial statements of a parent company and its subsidiaries.

Initial Value Method

An accounting approach where investments are recorded at their purchase cost without subsequent adjustments for changes in market value.

Intra-entity Gross Profit

The gross profit resulting from transactions within the same company or between parent and subsidiary companies, which may need to be eliminated in consolidated financial statements.