Exhibit 11.2 Potential output Price level LRAS SRAS P2 P3 AD' AD* AD Real GDP(trillions of dollars) Q, Q, Refer to Exhibit 11.2, which shows the relationship between the price level and real GDP. Suppose the economy is currently at e'. A leftward shift of the short-run aggregate supply curve would return the economy to potential output at point e". point e. point e* a point higher than e". a point between e" and e*

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Financial Statements

Financial statements (or financial reports) are the formal records of the financial activities that are undertaken by a firm. They are convenient instruments used for analyzing a company’s financial position and performance. Financial ratios are created with the help of the numerical values that are derived from the financial statements. They give meaningful information about the financial performance of the company.