Explain the sequence of events that will unfold when there is a decrease in aggregate demand while the economy is operating in the upward-sloping section of the aggregate supply curve. Make sure to include in your assessment the impact on the price level, inventories, output and employment.

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The Answer of Explain the sequence of events that will unfold when there is a decrease in aggregate demand while the economy is operating in the upward-sloping section of the aggregate supply curve. Make sure to include in your assessment the impact on the price level, inventories, output and employment.

Explain the Sequence of Events That Will Unfold When There