Figure 16.3 -In Figure 16.3, Movement from Point C to Point D

question 63

Multiple Choice

Figure 16.3

-In Figure 16.3, movement from point C to point D corresponds to a

• A) rightward shift of the aggregate demand curve.
• B) rightward shift of the aggregate supply curve.
• C) movement down the long-run aggregate supply curve.
• D) leftward shift of the aggregate supply curve.
• E) leftward shift of the aggregate demand curve.

---

Definitions:

Conciliation

A process in which a neutral third party assists disputing parties to reach a mutually agreeable solution.

Arbitration

A process where a dispute is resolved by an impartial third party whose decision the involved parties agree to accept.

Precedent

A tool used by judges to make rulings on cases on the basis of key similarities to previous cases.

Arbitration

A method of dispute resolution where an impartial third party (the arbitrator) makes a decision to resolve the issue, which is usually binding on the parties.