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:
Epinephrine
A hormone and medication, also known as adrenaline, used to treat allergic reactions and cardiac arrest among other conditions.
Phagocytosis
Ingestion and digestion of bacteria and particles by phagocytes.
Immune Response
The body's defensive reaction to foreign substances or pathogens, involving recognition, response, and memory.
Neutrophils
A type of white blood cell, part of the immune system, that helps fight infection by engulfing and killing pathogens.
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