Use the following graph to answer the following questions.The graph depicts an economy where aggregate demand and long-run aggregate supply (LRAS) have decreased,with no change in short-run aggregate supply (SRAS) .
-As a result of aggregate demand and long-run aggregate supply decreasing,we can see that the price level ________ and real gross domestic product (GDP) ________.
Definitions:
Subclavian Artery
The subclavian artery is a major artery that supplies blood to the upper limbs, as well as to parts of the brain, neck, and thorax.
Digital Artery
Small arteries supplying blood to the fingers and toes.
Radial Artery
A major artery in the forearm that supplies blood to the lateral aspect of the arm and hand.
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