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Figure 12.2:
-Using Figure 12.2,which fiscal policy action will increase aggregate demand from AD2 to AD3 ceteris paribus?
Net Markups
The difference between the cost of a good or service and its selling price, after accounting for discounts, allowances, or returns.
Net Markdowns
The reduction in the original selling price of merchandise minus any markdown cancellations.
FOB Shipping Point
A shipping term indicating that the buyer assumes ownership and responsibility for goods at the moment they are shipped, with transportation costs borne by the buyer.
Net Income
The total earnings or profit of a company after all expenses have been deducted from revenues.
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