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(Figure: Shifts in Aggregate Demand) Starting at equilibrium point b, if imports increase or consumer demand decreases, the demand curve will shift to _____, thus _____ the price level and _____ real output.
Army Hitch
Slang for a period of enlistment or service in the army.
Void
A legal term indicating that an agreement or contract has no legal force or effect and is unenforceable.
Consideration
In legal terms, it refers to something of value that is exchanged between parties in a contract, making the agreement legally binding.
Breach of Contract
A situation where one or more parties involved in a contract fail to fulfil their legal obligations as outlined in that contract.
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