-Consider the Above Figure

question 48

Multiple Choice

-Consider the above figure. If the aggregate demand curve rose from AD₁ to AD₃, our nation would be experiencing

• A) an inflationary gap.
• B) a recessionary gap.
• C) unemployment.
• D) falling prices.

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Definitions:

Term Deposit

A bank deposit that has a fixed term or period of time until you can access your money, often with a higher interest rate than savings accounts.

Promissory Note

A financial document in which one party promises to pay another party a definite sum of money at a specified future date or on demand.

Missing Value

A data point that is not recorded or is absent in a data set or analysis.

Simple Interest

Interest calculated on the principal amount of a loan or deposit without compounding.