Aggregate supply is the total supply of final goods and services in an economy. The way in which we model aggregate supply changes depending on whether we are looking at the short run or the long run. 1st attempt Part 1 (2 points)See Hint (a) In the short run, the aggregate supply curve is . (b) In the long run, the aggregate supply curve is . Part 2 (3 points)See Hint Which of the following explain the shape of the short-run aggregate supply curve? Choose one or more: A. inflexible input prices B. international trade effects C. money illusion D. menu costs E. wealth effects

Acompany using the perpetual inventory system purchased inventory worth $540,000 on account with credit terms of 2/15, n/45. defective inventory of $40,000 was returned 2 days later, and the accounts were appropriately adjusted. if the company paid the invoice 20 days later, the journal entry to record the payment would be

Match each item to check for while reconciling a bank account with the document to which it relates. (there's not just one answer) 1. balancing account statement 2. balancing check register a. nsf fees b. deposits in transit c. interest earned d. bank errors

1. all other things equal, according to the law of demand, when the price of a good falls, the demand for the good falls the demand for the good rises the quantity demanded of the good falls the quantity demanded of the good rises 2. when a market is in equilibrium, the quantity of the good that buyers are willing and able to buy exactly equals the quantity that sellers are willing and able to sell cannot be determined is less than the quantity that sellers are willing and able to sell is greater than the quantity that sellers are willing and able to sell 3. which of the following factors does not influence the demand for a good or service? consumer (buyer) income the price of related goods the number of sellers buyer expectations 4. when the number of sellers in a market increases, demand rises supply rises the price rises, all else equal the number of buyers falls