Examlex
When plotted with the aggregate price level on the vertical axis and output on the horizontal axis,which of the following curves slopes downward?
Cumulative
Refers to something increasing in quantity, degree, or force by successive additions, often used in the context of cumulative dividends or interest.
Non-cumulative
A term, often referring to preferred shares or dividends, indicating that if a dividend is not declared, it does not accumulate and is not owed in future periods.
Participating
In the context of financial securities, participating refers to the characteristic of a security that allows its holder to receive additional dividends or profits beyond a specified amount.
Non-cumulative Preferred Stock
A type of preferred stock where dividends are not accumulated if they are not declared.
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