An Increase in Aggregate Expenditures Resulting from Some Factor Other

question 132

Multiple Choice

An increase in aggregate expenditures resulting from some factor other than a change in the price level is equivalent to

• A)a rightward shift of the aggregate demand curve in the AD-AS model.
• B)a leftward shift of the aggregate demand curve in the AD-AS model.
• C)a movement downward along a fixed aggregate demand curve in the AD-AS model.
• D)a decrease in aggregate supply in the AD-AS model.

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Definitions:

Rescind

The legal act of canceling, revoking, or annulling a contract or agreement, effectively bringing it to an end.

Damages

Monetary compensation awarded by a court to a person who has suffered loss or harm as a result of another's action or inaction.

Statutory Amount

A specific sum of money that is prescribed by statute or law for various purposes.

Extortion

A criminal offense in which a person obtains money, property, and/or services from another by wrongfully threatening or inflicting harm on the other’s person, property, or reputation. Also called blackmail.