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Figure 35-3.The left-hand graph shows a short-run aggregate-supply (SRAS) curve and two aggregate-demand (AD) curves.On the left-hand diagram,Y represents output and on the right-hand diagram,U represents the unemployment rate.
-Refer to Figure 35-3.What is measured along the vertical axis of the left-hand graph?
Ordinary Annuity
A series of equal payments made at regular intervals over a specified period of time.
Future Value
The value of a current asset at a specified future date, based on an expected rate of growth or return.
Annuity Due
An annuity for which the payment is due immediately at the beginning of each period, rather than at the end.
Ordinary Annuities
Identical financial amounts distributed at the termination of back-to-back periods, within a set period.
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