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If the price level rises, the effect on the expenditure schedule and equilibrium real GDP is to
Coinsurance Coverage
A type of insurance in which the insured pays a share of the payment made against a claim.
Coinsurance Clause
A provision in insurance policies requiring policyholders to insure their property to a specified percentage of its value to receive full reimbursement for a loss.
Insurance Company
A business that provides coverage, in the form of compensation resulting from loss, damages, injury, treatment, or hardship in exchange for premium payments.
Coinsurance Clause
A provision in insurance policies that requires the policyholder to bear a share of the loss to some specified extent.
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