Figure 14-1

question 237

Multiple Choice

Figure 14-1
-Refer to the Figure 14-1.In the short run,what would result from a favourable shift in aggregate supply?

• A) It would move the economy from A to B.
• B) It would move the economy from B to C.
• C) It would move the economy from C to D.
• D) It would move the economy from D to A.

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Definitions:

Principal Investment

The original amount of money invested or loaned, on which basis interest and returns are calculated.

GIC

Stands for Guaranteed Investment Certificate, a secure investment that promises to return your principal plus interest.

Investment Savings

Funds set aside in financial instruments or accounts with the goal of generating income or profit over time.

Simple Interest

Interest earned only on the original principal amount, without compounding.