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.
Elixir(noun) a tincture with more than one base; a compound tincture or medicine, composed of various substances, held in solution by alcohol in some form. Elixir(noun) an imaginary liquor capable of transmuting metals into gold; also, one for producing life indefinitely; as, elixir vitae, or the elixir of life.