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Graphically, expansionary fiscal policy is displayed by a shift to the _____ in aggregate _____.
Salaries Payable
The liability account that contains the amounts of any salaries owed to employees, which have not yet been paid.
Supplies Account
An account used to track the costs of small items or materials that are used in the operations of a business.
Adjusting Journal Entry
A journal entry made at the end of an accounting period to allocate income and expenditures to the correct period, ensuring the financial statements reflect accurate and up-to-date information.
Accumulated Depreciation
The total amount of depreciation expense that has been recorded against a fixed asset since it was acquired.
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