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Figure 33-5
-Refer to Figure 33-5. Suppose the economy starts at Point Y. If aggregate demand increases from AD2 to AD3, then in the short run the economy moves to
Privileges and Immunities
Rights and protections granted by law to citizens, often used in the context of those guaranteed under the Constitution to promote equality among states.
Commerce Clause
The provision in Article I, Section 8, of the U.S. Constitution that gives Congress the power to regulate interstate commerce.
Noncommercial Activities
Activities not aimed at generating profit or conducted for commercial purposes.
Direct Conflict
A situation in which two or more parties or opinions are in opposition, often requiring resolution through negotiation or legal action.
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