On an Aggregate Demand and Aggregate Supply Graph,the Great Depression

question 66

Multiple Choice

On an aggregate demand and aggregate supply graph,the Great Depression can be pictured as

• A)a leftward shift of the aggregate supply curve
• B)a rightward shift of the aggregate supply curve
• C)a leftward shift of the aggregate demand curve
• D)an increase in the price level caused by a movement along the aggregate demand curve
• E)a decrease in the price level caused by a movement along the aggregate supply curve

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Definitions:

Company Accounts

Financial records that detail the financial activities and condition of a business.

Business Transactions

Exchanges involving economic consideration between two entities that affect the financial position of a business.

Debits

Entries that are recorded on the left side of a ledger account which increase asset or expense accounts, or decrease liability, equity, or revenue accounts.

Credit Side

The right side of an accounting ledger where credits are recorded, often indicating a decrease in assets or an increase in liability or equity.