In the Late 1970s, the U

question 67

Multiple Choice

In the late 1970s, the U.S. economy slid to the _____ along the aggregate _____ curve.

• A) left; supply
• B) right; supply
• C) left; demand
• D) right; demand

---

Definitions:

Acceleration

A provision in a mortgage agreement that allows the mortgagee to demand the entire balance due when the mortgagor misses a single installment payment.

Debt Due

The amount of money that is owed and should be paid, typically by a specific deadline or upon demand.

Priority Loan

A type of loan that is given precedence over other debts, often in the context of repayment terms and bankruptcy proceedings.

Collateral

Assets pledged by a borrower to secure a loan or credit, which the lender can seize if the borrower defaults.