The Aggregate Expenditure Curve and the Aggregate Demand Curve Are

question 92

Multiple Choice

The aggregate expenditure curve and the aggregate demand curve are

• A)not related at all.
• B)the same curve, just with different names.
• C)linked because if the price level rises, the aggregate expenditure curve shifts downward, and the aggregate demand curve shifts leftward.
• D)linked because if the price level rises, the aggregate expenditure curve shifts downward, and there is a movement up along the aggregate demand curve.
• E)linked because if the price level rises, the aggregate expenditure curve shifts downward, and there is a movement down along the aggregate demand curve.

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Definitions:

Substantial Performance

In contract law, the situation that results when a party to a contract, in good faith, executes all the promised terms and conditions of the contract with the exception of minor details that do not affect the real intent of their agreement.

Promising

pertains to showing signs of future success or positive outcomes.

Goods

Tangible, movable items or merchandise that can be bought, sold, or traded, excluding real estate.

Assignor

A person who assigns rights or delegates duties under an assignment.