Figure 12.2

question 47

Multiple Choice

Figure 12.2:
-Using Figure 12.2,if Q₃ represents full employment,then a shift from AD₁ to:

• A) AD₂ will result in a full-employment equilibrium at point Y.
• B) AD₂ will close the GDP gap.
• C) AD₃ will take the economy past full employment to equilibrium at point Z.
• D) AD₃ will result in a full-employment equilibrium at point X.

---

Definitions:

After-Acquired Property

Refers to assets or property acquired by a debtor after the execution of a loan agreement which may subsequently become subject to the lender's security interest.

Buyer In Ordinary Course Of Business

Describes a purchaser who buys goods in good faith and without knowledge that the sale violates another party's ownership rights or interests.

Instrument

Any writing that serves as evidence of the right to payment of money.

Writing

The representation of language in a textual medium through the use of a set of signs or symbols.