If There Is a Significant Drop in Business Optimism in an Economy

question 32

Multiple Choice

If there is a significant drop in business optimism in an economy

• A)the economy's long-run aggregate supply curve shifts to the right.
• B)the economy's aggregate demand curve shifts to the left.
• C)the labor supply in the economy increases in the long run.
• D)the capital stock in the economy increases in the long run.

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Definitions:

Assignment

A legal transfer of rights, benefits, or obligations from one party to another.

Quantum Meruit

is a Latin term meaning "as much as he has earned," used in legal contexts to describe the entitlement to be paid for services rendered or work done when no contract exists or where a contract exists but cannot be enforced.

Court-Created Damages

Damages awarded by a court as a remedy in a lawsuit, often in cases where traditional damages are insufficient to resolve the harm done.

Donee Beneficiary

A third party who provides no consideration for the benefits received and who owes the contracting parties no legal duty.