An Increase in Aggregate Demand Is Most Likely to Be

question 49

Multiple Choice

An increase in aggregate demand is most likely to be caused by a decrease in

• A) the wealth of consumers.
• B) consumer confidence.
• C) interest rates for home mortgages.
• D) tax rates on household income.
• E) business subsidies.

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Definitions:

Work Sheet

An informal document used by accountants to prepare adjusting entries and a trial balance in the process of preparing financial statements.

Unadjusted Trial Balance

A list of all the balances in a company’s accounts before any adjusting entries are made for reporting purposes.

Management Report

A document that provides managers with information necessary to make decisions, including financial and operational data.