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Explain how the aggregate demand curve is derived from the IS-LM model.
Preferred Stock
A type of corporate share that is prioritized over common stock in terms of asset and income claims, usually with dividends paid out to these shareholders first.
Bankruptcy
The legal process through which individuals or businesses unable to pay their debts can seek relief from some or all of their liabilities.
Equity
The ownership interest of shareholders in a corporation, represented by their shares.
Common Stock
A form of corporate equity ownership, a type of security that represents ownership in a corporation and a claim on part of the corporation's profits.
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