FIGURE 21-3 Refer to Figure 21-3

question 53

Multiple Choice

FIGURE 21-3 Refer to Figure 21-3.In this demand-determined model of the macro economy,the price level is

• A)measured by Y_2/0B.
• B)measured by Y₁Y_2/AB.
• C)increasing as the economy moves from E₀ to E₁.
• D)assumed to be constant.
• E)derived from the slope of the AE function.

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Definitions:

Central Hudson Test

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Speech made by businesses about commercial matters, such as the sale of goods and services. It is protected by the First Amendment.

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A form of judicial review that courts use to determine the constitutionality of certain laws by ensuring they serve a compelling governmental interest and are narrowly tailored to achieve their goal.

Laws Examination

A test or series of tests evaluating an individual’s knowledge or competence in areas of law, often as part of legal education or certification.