Prime rate:- Interest at the lowest rate that is borrowed.
In the simple quantity theory of money in the AD-AS framework, the AS curve kinked at natural real.
<h3>
What is AS curve or A
ggregate Supply Curve?</h3>
- The amount of real GDP that the economy produces at various price levels is represented by the aggregate supply curve.
- The methodology used to build the supply curve for all products and services is different from the methodology used to build the supply curve for individual goods and services.
- It is assumed that input prices will remain constant when calculating the supply curve for a certain good.
- The price level, however, defines the aggregate supply curve. As the price level rises, producers will be able to charge more for their goods, which will stimulate production.
- However, a price increase will also have a secondary effect that will eventually result in an increase in input prices.
To learn more about the Aggregate Supply Curve refer to:
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Answer:
The correct answer is letter "D": net income for the year will be overstated.
Explanation:
Net Income is an important measure of how profitable the company is over a period of time. Net income is calculated by taking the total revenue and subtracting the business expenses which results in the earnings before tax. After taxes are deducted, the amount obtained will be the firm's net income.
Prepaid insurances are considered expenses of a company. Thus, <em>if the payment of the prepaid insurance was not recorded, the net income of the firm will be overstated.</em>
Answer:
Walking to the convenience
store to buy a snack.
