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Figure 15-3
-As shown in Figure 15-3, if people behave according to adaptive expectations theory, an increase in the aggregate demand curve from AD1 to AD2 will cause
Overdraft
An overdraft occurs when money is withdrawn from a bank account and the available balance goes below zero, leading to a negative balance.
Dishonored Check
A check that a bank refuses to pay or clear, typically because there are insufficient funds in the account on which it is drawn.
Certified Check
A personal check guaranteed by the issuing bank, ensuring that the check writer has sufficient funds for the check to clear.
Draw
A term referring to either a poker game variant, the process of selecting something in a random manner, such as in a lottery, or drawing funds against a line of credit.
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