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(Figure: Shifts in Aggregate Demand) Starting at Equilibrium Point B

question 149

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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. (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.   A)  AD<sub>1</sub>; increasing; decreasing B)  AD<sub>2</sub>; decreasing; decreasing C)  AD<sub>1</sub>; increasing; increasing D)  AD<sub>2</sub>; increasing; decreasing


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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

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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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