Explain How Two Shifts in the Aggregate Demand Curve Help

question 23

Essay

Explain how two shifts in the aggregate demand curve help explain economic fluctuations in the United States from early 2000s through early 2009.

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Definitions:

Modification

A change or alteration, often to a contract or agreement, altering its terms or conditions.

Dishonored

Referring to a financial instrument, such as a check or promissory note, that is not accepted or paid when presented for payment.

Note

A promise by the maker of the note to pay the payee of the note.

Reasonable Identification

The process of sufficiently identifying an individual through the use of valid and reliable means or documents.