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Refer to the following figure when answering
Figure 13.1: AD Curve
-Consider Figure 13.1. If there is a positive aggregate demand shock and inflation remains constant, the economy would move from point e to point:
Procedural Requirements
The rules and guidelines that must be followed for legal processes to be considered valid and lawful.
Notice and Comment
Notice and comment is a regulatory process allowing the public to give input on draft regulations before they are finalized by publishing a notice of proposed rulemaking.
Formal Rulemaking
A process in administrative law where rules are made by government agencies following a formal procedure that includes public notice and the opportunity for public comment.
Rulemaking Procedure
The formal process by which government agencies establish, modify, or repeal regulations and legal norms.
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