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Suppose the economy is at a short-run equilibrium with real GDP greater than potential GDP. Which of the following fiscal policies would decrease real GDP and the price level?
Bank Robber
An individual who illegally steals money from a bank, typically through force or threats, as part of a criminal act.
Knowledge Bias
A cognitive bias that occurs when an individual's knowledge or expertise in one area leads to overconfidence or errors in judgment in another area.
Marketing Communications
The use of various channels and tools in promoting and selling products or services, including advertising, sales promotion, public relations, and direct marketing.
Source Effects
The impact that the source of a message has on the credibility, persuasiveness, or effectiveness of the communication.
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