Figure 24-1 
-In Figure 24.1 the shift of the aggregate supply curve from AS1 to AS2 and the following shift back to AS1 is called ________.
Definitions:
Subprime Mortgages
Loans granted to borrowers with lower credit scores and a higher risk of default than prime borrowers, usually at higher interest rates.
Credit Crisis
A financial situation characterized by a severe shortage of credit or loans, leading to widespread financial instability and economic downturn.
Junk Bonds
High-risk, high-yield bonds issued by companies with lower credit ratings than investment-grade bonds.
Speculative
Involving financial actions that carry a significant risk of losing all value but also hold the promise of substantial gains.
Q3: One of the drawbacks of rules based
Q8: If the economy is on the IS
Q26: When the IS and LM curves are
Q29: Everything else held constant,a decrease in government
Q38: An increase in the interest rate due
Q39: Suppose the Canadian economy is producing at
Q40: If the _ curve is relatively more
Q63: Explain and demonstrate graphically the effects of
Q74: An expansionary monetary policy will cause aggregate
Q118: Assuming the economy is starting at the