Figure 8-2 -In Figure 8-2,assume That a Is the Current Long-Run Aggregate

question 65

Multiple Choice

Figure 8-2
-In Figure 8-2,assume that A is the current long-run aggregate supply curve and that E is the current short-run aggregate supply curve.If there were a discovery of large oil fields in Manitoba,where no one thought oil fields existed,then we could expect the long-run aggregate supply curve and the short-run aggregate supply curve to

• A)remain B and E.
• B)move to A and D.
• C)move to B and F.
• D)move to A and F.

---

Definitions:

Pay to

Directs the transfer of money or assets to a specified person, entity, or account as outlined in a financial or legal document.

Real Defenses

Legal defenses that can be used to challenge the enforceability of a negotiable instrument, such as fraud, duress, or alteration.

Holder in Due Course

An individual who has obtained a negotiable instrument in good faith and for value, and thus has certain rights to the instrument free of many defenses and claims that could be asserted against the original party.

Personal Defenses

Legal arguments or claims an individual can use to avoid enforcement of a contract based on conditions that affect their agreement specifically.