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In the IS-LM model when the Federal Reserve decreases the money supply, people ______ bonds and the interest rate ______, leading to a(n) ______ in investment and income.
Postulate of Indispensability
A theory suggesting that certain roles in society or social systems are so important that the individuals occupying them must be highly rewarded to ensure these positions are filled.
Social
Pertaining to society or its organization, emphasizing interactions and relationships among individuals within a community.
Cultural Beliefs
The shared attitudes, values, goals, and practices that characterize a group of people or a society.
Practices
Routine ways of doing things that are embedded in cultural or social systems, shaping how individuals and groups engage with their world.
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