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 Rightward shift in demand + Rightward shift in supply curve =\text { Rightward shift in demand } + \text { Rightward shift in supply curve } =

question 56

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 Rightward shift in demand + Rightward shift in supply curve =\text { Rightward shift in demand } + \text { Rightward shift in supply curve } = lower equilibrium price and smaller equilibrium quantity.


Definitions:

Unemployment

The situation in which individuals who are capable of working and actively seeking work are unable to find employment.

Aggregate Supply

The complete range of goods and services that enterprises in an economy are prepared to sell over a predetermined period.

Foreign Exchange Market

A global marketplace for trading currencies, determining the exchange rate between them.

US Dollars

The official currency of the United States, widely used in international transactions.

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