An Increase in the U

question 191

Multiple Choice

An increase in the U.S. price level causes a

• A) shift of the U.S. aggregate demand curve to the right.
• B) shift of the U.S. aggregate demand curve to the left.
• C) movement up the U.S. aggregate demand curve.
• D) movement down the U.S. aggregate demand curve.

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Definitions:

U.S. GAAP

United States Generally Accepted Accounting Principles, a framework of accounting standards, principles, and procedures used in the U.S. for financial reporting.

Earnings Per Share

A measure of a company's profitability, calculated as its net income divided by the total number of outstanding shares.

Income Statement

A financial statement that shows a company's revenues, expenses, and profits over a specific period.

Extraordinary Gains

Profits from events or transactions that are both unusual in nature and infrequent in occurrence, though this distinction has been eliminated in current accounting practices.