In the long run, the least important cause of shifts in the aggregate supply curve is a change in consumer spending.
The supply curve is a graphic representation of the correlation between the cost of an awesome or carrier and the amount furnished for a given length. In an ordinary illustration, the charge will appear at the left vertical axis, whilst the amount provided will seem at the horizontal axis.
In economics, supply curve is the quantity of aid that corporations, producers, laborers, companies of monetary property, or different financial sellers are inclined and capable of offering to the market or to a person. deliver can be in produced goods, labor time, raw substances, or some other scarce or precious object.
The supply curve is upward sloping due to the fact, through the years, suppliers can choose how much in their items to supply and later deliver to market.
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Yes, Surveyors update boundary lines and prepare sites for construction so that legal disputes are prevented.
Answer:
overstated
Explanation:
Adjusting entry is a term used in the accounting process, which describes journal entries usually carried out at the end of an accounting period to assign income and expenditure to the period in which they actually happened.
However, the journal entry to identify a deferred revenue is to debit or increase cash and credit or increase a deposit or another liability account.
Hence, Failure to record the adjusting entry for deferred revenue now earned causes liabilities on the balance sheet to be what OVERSTATED
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