Which of the following is the best example of causation (versus correlation)? A. Women's skirts get shorter and the stock mark
et goes up. B. Oil prices go up and gasoline prices go up. C. The groundhog sees its shadow and winter lasts longer. D. Ice cream sales and the number of drownings.
Had to look for the options and here is my answer. The issue about the international crisis made a great impact on consumers and this made them save their money and postponed big purchases. How this affected on aggregate demand and aggregate supply is that aggregate supply will decrease, which would lower both the price level and the real GDP. Hope this helps.
Current Liabilities are Company`s Obligations that are due for settlement within a period of 12 months.
All the above Accounts are would be classified as current liabilities as settlement in cash or service <em>(when in comes to unearned rent)</em> is due within 12 months.