A decrease in the price level causes a lower equilibrium quantity demanded.
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Q23: The U.S.economy in 2009 was characterized by
Q24: A recessionary gap exists when the equilibrium
Q25: The aggregate demand curve is directly derived
Q26: When equilibrium GDP falls below potential GDP,
Q27: In a capitalist market economy, the decision
Q29: An increase in the U.S.price level (foreign
Q30: A change in the price level will
Q31: The multiplier can be expressed as the
Q32: Market economies are likely to suffer from
Q33: High unemployment and high rates of inflation
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