Use the Following Graph to Answer the Following Questions

question 19

Multiple Choice

Use the following graph to answer the following questions.The graph depicts an economy where aggregate demand and long-run aggregate supply (LRAS) have decreased,with no change in short-run aggregate supply (SRAS) .

-Which of the following would have caused aggregate demand to decrease in the graph,such as occurred during the Great Recession?

• A) an increase in expected income
• B) a decrease in tax rates
• C) a decrease in housing prices and stock prices
• D) an increase in consumer sentiment
• E) an advancement in technology

Distinguish between intended and incidental beneficiaries and their rights.

Explain the role and impact of oral assignments and their legal validity.

Comprehend the conditions under which third-party beneficiaries may enforce contractual rights.

Identify the effect of anti-assignment clauses on the transferability of contractual obligations and rights.

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Definitions:

Social Worker

A professional who provides assistance and support to people in need, helping them to cope with and solve issues in their lives, such as family and personal problems, and mental health challenges.

Steps

A series of actions or stages designed to achieve a particular goal.

Covert Power

A form of power that is not openly acknowledged or displayed but is nonetheless effective in influencing or controlling others.

Coalitions

Alliances formed between groups or organizations, often for a mutual benefit or to achieve a common goal.