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The aggregate supply curve slopes upward when the real wage falls initially as the price level rises.
Conduit
An entity that acts as an intermediary by channeling funds from lenders to borrowers or investors.
Financial Markets
Platforms or environments where buyers and sellers trade financial securities, commodities, and other fungible assets.
Intermediaries
Entities or people who act as a middleman or agent between two parties in a financial transaction or negotiation.
Financial Intermediary
An institution that acts as a middleman between savers and borrowers, such as a bank or investment firm.
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