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Figure 35-1.The left-hand graph shows a short-run aggregate-supply (SRAS) curve and two aggregate-demand (AD) curves.On the right-hand diagram,U represents the unemployment rate.
-Refer to Figure 35-1.What is measured along the vertical axis of the right-hand graph?
Balloon Payment
A large final payment on a mortgage that has relatively low fixed payments during the life of the mortgage.
Lease Automobile
A contractual agreement where one party (lessee) pays to use a vehicle owned by another party (lessor) for a predetermined time period.
Product Liability Claim
A legal claim for damages resulting from the use of a defective product that caused injury or damage.
Painting Contractor
A professional or company hired to perform painting services on buildings, houses, or other structures.
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