Refer to the graph shown. From 1938 to 1943 the Federal deficit rose from $1.0 billion to $53.8 billion due to increased defense spending. The effect of this on the AD curve can be shown by a movement from: 
Definitions:
Majority Owner
A majority owner refers to an individual or entity that holds more than 50% of a company's shares, thereby having significant control and decision-making power within the company.
Board of Directors
A group of individuals elected to represent shareholders and make major decisions concerning the corporation, including company policy, and director oversight.
Preferred Shares
Preferred shares represent ownership in a company with preferential rights to dividends and assets upon liquidation, compared to common shares.
Doctrine of Ultra Vires
A principle stating that actions taken by a corporation that are beyond its legal power or authority are invalid.
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