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Aggregate Demand Decreases and Real Output Falls but the Price

question 13

Multiple Choice

Aggregate demand decreases and real output falls but the price level remains the same.Which factor most likely contributes to downward price inflexibility?


Definitions:

Cyclopentanol

A cyclic alcohol, characterized by a five-membered ring structure bearing a single hydroxyl group.

Major Organic Product

The predominant substance produced in an organic chemical reaction, often the target molecule of synthetic interest.

Inorganic Ester

A compound formed by the replacement of the hydrogen of an acid by a metal or by an organic radical in non-carbon-based acids.

Structures

The arrangement or organization of parts to form a whole, often referring to the molecular geometry or architecture in chemistry.

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