The second reason for the downward slope of the aggregate demand curve is Keynes's interest-rate effect. Recall that the quantity of money demanded is dependent upon the price level. That is, a high price level means that it takes a relatively large amount of currency to make purchases.
Elision. Elision is a process where one or more phonemes are âdroppedâ, usually in order to simplify the pronunciation. It may occur for both vowels and consonants, although it is much more common for consonants.
elisionnoun [ C or U ] I found the half-forgotten Southern intonations and elisions as pleasing to my ear as they had formerly been. On the whole, he left you dubious until the moment when, from pure nervousness, his speech went wild, even suffering that slight elision of the aspirate observed by some of them.