The Wealth Effect and the Interest Rate Effect Are Changes

question 48

Multiple Choice

The wealth effect and the interest rate effect are changes in the price level that:

• A)bring about a movement along the aggregate demand curve.
• B)lead to a shift of the demand curve for a particular good.
• C)result in a shift of the aggregate supply curve.
• D)help explain the vertical shape of the long-run aggregate supply curve.
• E)cause a movement along the aggregate supply curve

Identify the requirements for a valid modification of contracts under both common law and the Uniform Commercial Code (UCC).

Analyze the enforceability of agreements based on past consideration or moral obligations.

Distinguish between illusory promises and conditional promises in the context of contract enforceability.

Evaluate the legal validity of exclusive dealing contracts and requirements contracts.