If Aggregate Demand Shifts Inward Over a Long Period of Time

question 73

Multiple Choice

If aggregate demand shifts inward over a long period of time, with aggregate supply held constant, the economy should experience

• A)unemployment.
• B)recession.
• C)stagflation.
• D)inflation.
• E)budget surpluses.

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Definitions:

Negligence Per Se

A legal principle whereby an action is classified as negligent if it contravenes a specific statute or regulation.

Personal Property

Assets that include tangible objects such as furniture and vehicles, and intangible rights, excluding real estate.

Running at Large

Refers to domestic animals roaming freely in public spaces without any supervision or restraint, often against local regulations.

Residential Swimming Pools

Custom or prefabricated pools installed at private homes for personal or family recreation.