In the Long Run,an Increase in the Stock of Human

question 37

Multiple Choice

In the long run,an increase in the stock of human capital

• A)and increases in the money supply both make the price level rise.
• B)and increases in the money supply both make the price level fall.
• C)makes the price level rise,while increases in the money supply make prices fall.
• D)makes the price level fall,while increases in the money supply make prices rise.

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Definitions:

Perpetual Inventory System

An inventory accounting system that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.

Statement Of Financial Position

A balance sheet is a financial statement that outlines a company's equity, liabilities, and assets at a certain date.

Inventory

Goods and materials that a business holds for the ultimate goal of resale or processing.

Sales Discounts

Reductions in price given by a seller to a buyer, often to prompt early payment or reward customer loyalty.