Narrbegin Exhibit 14

question 7

Multiple Choice

Narrbegin Exhibit 14.2 Aggregate demand and supply
-In Exhibit 14.2, if aggregate demand shifts from AD₂ to AD₁, real GDP will:

• A) not change and the price level will not change.
• B) fall from $7 to $4 and the price level will not change.
• C) fall from $4 to $3 and the price level will not change.
• D) fall from $4 to $3 and the price level will fall from 120 to 100.

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Definitions:

Corporation

A business organized as a separate legal entity under state corporation law, having ownership divided into transferable shares of stock.

Earnings Per Share

A financial metric that measures the portion of a company's profit allocated to each outstanding share of common stock, presenting a company's profitability.

Stockholders' Equity

The residual interest in the assets of a corporation that remains after deducting its liabilities, representing ownership value in the company.

Sales Revenue

The total income received by a company from its sales of goods or services before any expenses are subtracted.