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FIGURE 21-3 Refer to Figure 21-3

question 128

Multiple Choice

  FIGURE 21-3 Refer to Figure 21-3.A shift in the aggregate expenditure function downward from AE<sub>1</sub> to AE<sub>0</sub> could be caused by A) a rise in the multiplier. B) a fall in the marginal propensity to consume. C) a rise in the marginal propensity to consume. D) an increase in autonomous desired saving. E) a decrease in autonomous desired saving. FIGURE 21-3 Refer to Figure 21-3.A shift in the aggregate expenditure function downward from AE1 to AE0 could be caused by

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Disclaimer

A term in a contract whereby a party attempts to relieve itself of some potential liability associated with the contract. The most common example is the seller’s attempt to disclaim liability for defects in goods that it sells.

Recovery

The act of obtaining something of value through legal means, often in compensation for damages or loss.

Strict Liability

Refers to a legal doctrine where a party is responsible for damages or harm caused without needing to prove negligence or fault.

Restatement (Second)

A collection of textbooks that seek to inform judges and lawyers about general principles of common law in the United States.

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