If the Short-Run Aggregate Supply Curve Is Shifting Down Repeatedly,it

question 43

Multiple Choice

If the short-run aggregate supply curve is shifting down repeatedly,it is rather likely that ________.

• A)output is declining repeatedly,relative to potential output
• B)the long-run aggregate supply curve is shifting to the left
• C)negative price shocks are recurring
• D)all of the above
• E)none of the above

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Definitions:

Comprehensive Income

A measure of all changes in equity of a company that result from recognized transactions and other economic events of the period other than those resulting from investments by and distributions to owners.

Unrealized Gains

Profits from investments that have increased in value but have not yet been sold for cash.

Net Income

The total profit of a company after all expenses, including taxes and operating costs, have been deducted from total revenues.

Gain Contingencies

Potential increases in assets or decreases in liabilities that may occur as a result of a future event, and which are acknowledged in financial statements if they are probable and can be reasonably estimated.