The Long-Run Aggregate Supply Curve Would Shift Right If the Government

question 138

Multiple Choice

The long-run aggregate supply curve would shift right if the government were to

• A)increase the minimum-wage.
• B)make unemployment benefits more generous.
• C)raise taxes on investment spending.
• D)None of the above is correct.

---

Definitions:

Income Statement Columns

The sections or divisions in an income statement that segregate information, such as revenues, expenses, and net income, for analysis.

Revenue And Expense

Key components of a profit-oriented organization's income statement, where revenue represents the total income earned and expense represents the cost incurred to earn that income.

Adjusted Trial Balance

A listing of all company balances after adjustments have been made for accruals, deferrals, and other adjustments during the accounting period.

Statement Of Owner's Equity

A financial document detailing changes in the equity of a company due to earnings, withdrawals, and other factors over a period.