Which Does Not Change Canada's Short-Run Aggregate Supply

question 98

Multiple Choice

Which does not change Canada's short-run aggregate supply?

• A) Prince Edward Island is submerged by an offshore earthquake.
• B) Perfect weather all across Canada improves crop yields for all farmers.
• C) People around the country upgrade their human capital by reading Economics for Life.
• D) The Government of Canada passes new regulations reducing the imports of advanced Japanese robots by Canadian businesses.
• E) American consumers stop buying Canadian beef during an outbreak of Mad Cow Disease.

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Definitions:

Current Assets

Assets that a company expects to convert into cash, sell, or consume within one year or its operating cycle, whichever is longer.

Current Liabilities

Short-term financial obligations that are due within one year or within the entity's operating cycle.

Current Ratio

A liquidity ratio that measures a company’s ability to pay short-term obligations with its current assets.

Interim Financial Statements

Financial reports that cover a period shorter than a fiscal year, usually quarterly or semi-annually, providing insights into a company's financial status throughout the year.