Although CPAs have specific education and experience requirements, regular accountants do not. That means students have the opportunity to study in any number of related fields and still be eligible to fill accounting positions. Here are five popular degree options for accountants.
If the demand increases, and the supply remains the same, there will be a shortage. This will mean the price will increase. If the demand decreases, and the supply remains the same, there will be a surplus. This will mean the price will go down.
Section 07: Shifts in Aggregate Supply. A decrease in AS will increase the Price Level and decrease Real Output. An increase in AS will reduce the Price Level and increase Real Output. The inflation that is associated with a decrease in the AS is called Cost-Push Inflation.