A Federal Case That Is Appealed from the U

question 47

Multiple Choice

A federal case that is appealed from the U.S. District Court may be appealed to one of 13 regional courts before it is presented to the U.S. Supreme Court. These 13 courts are referred to as

• A) U.S. Magistrates Courts.
• B) U.S. Courts of Appeals.
• C) the state supreme courts.
• D) the Superior Courts.
• E) the administrative courts.

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Definitions:

Interest Rate

The cost of borrowing money, expressed as a percentage of the amount borrowed, paid by the borrower to the lender for the use of their funds.

Aggregate Demand

The comprehensive demand for every type of good and service within an economy, identified at a given price level and time period.

Investment

is the allocation of resources, usually money, in expectation of earning a future return.

GDP Gap

The difference between the actual GDP and the potential GDP of an economy, indicating under-utilization or over-utilization of resources.