Which of the Following Will Cause the Aggregate Supply Curve

question 27

Multiple Choice

Which of the following will cause the aggregate supply curve to shift down?

• A)an increase in firms' markup over labor costs
• B)an increase in the expected price level
• C)an increase in unemployment benefits
• D)all of the above
• E)none of the above

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Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds, representing the interest payable on any type of debt.

Accrued Interest

Accrued interest refers to the interest on a bond or loan that has accumulated since the principal investment, or last interest payment, but has not yet been paid.

Adjusting Entry

An accounting transaction recorded to correct or update the financial statements prior to the issuance of the financial statements.

Liabilities

Financial obligations or debts that a company owes to others, often categorized as current or long-term.