An Increase in Which of the Following Would Shift IS

question 25

Multiple Choice

An increase in which of the following would shift IS to the right and AD to the left?

• A) price level
• B) government spending
• C) investment
• D) none of the above

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Definitions:

Escheats

The legal process by which unclaimed property reverts to the state if the rightful owner cannot be found over a period of time.

Mentally Competent

A condition or status indicating that an individual possesses the cognitive ability to make informed decisions or understand the significance of actions.

Life-Threatening Illness

A disease or condition that poses a serious risk to an individual's life if not treated promptly.

Residuary Clause

A provision in a will that designates where the remainder of the estate goes after specific gifts are distributed.