Exhibit 8-3 -Refer to Exhibit 8-3. a Shift in Aggregate Demand from in Aggregate

question 139

Multiple Choice

Exhibit 8-3

-Refer to Exhibit 8-3. A shift in aggregate demand from AD? to AD? would have been the result of

• A) a decrease in the price level.
• B) an increase in the price level.
• C) an increase in foreign real national income.
• D) a decrease in foreign real national income.

---

Definitions:

Exempt Offering

A securities offering exempt from registration with the SEC, often under Regulation D.

Federal Securities Laws

Laws and regulations enacted by the federal government to regulate the sale and distribution of securities to protect investors from fraud.

SEC

The U.S. Securities and Exchange Commission, a federal agency responsible for regulating the securities industry, stock and options exchanges, and other electronic securities markets in the United States.

1934 Act

Refers to the Securities Exchange Act of 1934, which governs the trading of securities in the U.S., aiming to protect investors against malpractice.