When the Long-Run Aggregate Supply Curve Shifts Right, It Represents

question 32

Multiple Choice

When the long-run aggregate supply curve shifts right, it represents:

• A) economic growth.
• B) pushing our economy beyond normal capacity.
• C) an unemployment rate of zero.
• D) negative inflation.

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Definitions:

Accounts Receivable

Money owed to a company by its customers for goods or services sold on credit.

Allowance Method

An accounting technique that estimates and records bad debts expense from credit sales based on historical data and analyses.

Allowance for Doubtful Accounts

Allowance for Doubtful Accounts is a contra-asset account that reduces the total receivables on the balance sheet to reflect the amount that is not expected to be collected.

Accounts Receivable

Outstanding payments from customers to a firm for delivered or utilized goods or services pending payment.