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There Are No Idle Resources,the Multiplier Is Operative,and Autonomous Spending

question 120

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There are no idle resources,the multiplier is operative,and autonomous spending rises.It follows that


Definitions:

Asset Account

An account on a balance sheet representing tangible or intangible items of value owned by a company.

Trial Balance

A ledger balance sheet summarizing all accounts, showing equal totals for both credit and debit columns.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal.

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