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According to the Theory of New Classical Economics, If Business

question 92

Multiple Choice

According to the theory of new classical economics, if business sentiment and investment spending decrease, the aggregate demand curve _____, the price level falls, and aggregate output _____.


Definitions:

Template

A pre-designed model or structure used as a guide to shape or form subsequent processes or objects.

Prototype

A prototype is an original model or preliminary version of a product or concept from which other forms are developed or copied.

Vehicle

A means of transporting people or goods from one place to another, such as a car, bicycle, or airplane.

Glider

A type of aircraft that is supported in flight by the dynamic reaction of the air against its lifting surfaces, and whose free flight does not depend on an engine.

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