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The diagram below shows an AD/AS model for a hypothetical economy.The economy begins in long-run equilibrium at point A. FIGURE 24-3 Refer to Figure 24-3.Following the negative AD shock shown in the diagram (from
to
) ,the adjustment process will take the economy to a long-run equilibrium where the price level is ________ and real GDP is ________.
Graduated Amnesia
A hypothetical or not commonly used term that may refer to the progressive loss of memory.
Suggestibility
The quality of being inclined to accept and act on the suggestions of others, often studied in the context of memory and eye-witness testimony.
Transience
The state or quality of being transient, specifically referring to the tendency of memories to become less accessible over time.
Recognition
Recognition in psychology refers to the ability to identify previously encountered events, objects, or people, which is one aspect of memory.
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