When the Aggregate Demand Curve Shifts to the Left, There

question 57

True/False

When the aggregate demand curve shifts to the left, there is a rise in prices and fall in GDP in the short run.

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Definitions:

Echoic Memory

A type of sensory memory that holds auditory information for a few seconds after the sound is made.

Consolidation

The process by which memories become stable in the brain, transforming from a short-term to a long-term state.

Neural Functioning

The operation and activities of neurons, including the transmission of electrical and chemical signals within the brain and throughout the nervous system.

Echoic Memories

A form of sensory memory that retains auditory information for a short period of time.