The price level in the United States is more flexible downward than upward.
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Q145: The aggregate expenditures model and the aggregate
Q146: Q147: A negative GDP gap can be caused Q148: In the aggregate demand-aggregate supply model, the Q149: The aggregate demand curve shows the Q151: The equilibrium price level and equilibrium level Q152: Which of the following effects best explains Q153: In deriving the aggregate demand curve from Q154: An increase in net exports will shift Q155: An increase in aggregate expenditures resulting from
A) inverse
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