A Recession Abroad Would

question 118

Multiple Choice

A recession abroad would

• A) increase U.S. net exports and increase aggregate demand.
• B) increase U.S. net exports and increase aggregate supply.
• C) reduce U.S. net exports and reduce aggregate demand.
• D) reduce U.S. net exports and increase aggregate demand.

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Definitions:

Waiver

An express or implied renunciation of a right or claim.

Novation

The substitution of parties to an agreement, or the replacement of one agreement by another agreement.

Valid Tender

An offer of payment for goods or services that, by law, cannot be refused by the creditor if the debtor intends to discharge the debt.

Tender Of Payment

is an offer to pay a debt or obligation, specifically in a form that is legally recognized and acceptable.