Answer:
C) consumption and output
Explanation:
A fiscal contraction refers to decreasing a government's deficit. A government has a deficit when it spends more than the revenue it gets from taxes. Therefore if the government wants to reduce its deficit, it will decrease public expenditure and/or increase taxes. Any of those actions will also lead to a decrease in public consumption and total economic output.
Cost of good sold; average inventory
Answer:
A As time goes on and your bank account grows, you earn more interest.
Explanation:
A compound interest-earning account adds the interest it has earned in a particular period to the principal amount. This results in the principal amount increasing by the amount of interest earned in the period. Therefore, for compound interest, the principal amount is bigger at the beginning of every year.
In practice, interest is calculated based on the principal amount. If the principal amount is higher every period, the interest earned will also go up every year.
Answer:
B. A technological improvement
Explanation:
An outward (rightward) shift in supply means an increase in supply.
Technological improvement would increase supply and supply curve would shift outward.
A decline in labor productivity would reduce supply and the supply curve would shift inward.
An increase in the cost of input would increase the cost of production and supply would fall. The supply curve would shift inward.
A reduction in consumer incomes would reduce demand and not supply.
I hope my answer helps you
