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question 191

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Use the following to answer questions
Figure: Shifts in Aggregate Demand Use the following to answer questions Figure: Shifts in Aggregate Demand   -(Figure: Shifts in Aggregate Demand) Starting at the equilibrium point b,if imports increase or consumer demand decreases,the demand curve will shift to _____,thus _____ the price level and _____ real output. A)  AD<sub>1</sub>;increasing;decreasing B)  AD<sub>2</sub>;decreasing;decreasing C)  AD<sub>1</sub>;increasing;increasing D)  AD<sub>2</sub>;increasing;decreasing
-(Figure: Shifts in Aggregate Demand) Starting at the equilibrium point b,if imports increase or consumer demand decreases,the demand curve will shift to _____,thus _____ the price level and _____ real output.


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Valid and Enforceable

Pertaining to a contract or agreement that is legally binding and can be upheld in a court of law.

Statute of Frauds

A legal requirement that certain types of contracts be memorialized in a signed writing with sufficient content to evidence the contract.

Contract of Guarantee

A contract where a third party agrees to be responsible for the debt or obligations of a borrower in case the borrower fails to fulfill their contractual obligations.

Unsigned Note

A note or document that lacks the signature of the party or parties involved, potentially affecting its legal enforceability.

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