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(Figure: Decline in Aggregate Demand) The figure shows a decline in aggregate demand. A possible effect of this would be:
Federal Appellate Courts
Courts within the federal judicial system that have the authority to review decisions made by lower courts, ensuring the correct application of law without conducting trials.
Lower Federal Courts
are the courts within the U.S. federal judiciary system that are below the Supreme Court, including district courts and courts of appeals.
Precedents
Previous cases or legal decisions that serve as a guide or rule for future instances or decision-making processes in the law.
U.S. Constitution
The supreme law of the United States, establishing the framework of the national government and the fundamental rights of citizens.
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