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An increase in the general level of prices in the goods and services market that is accompanied by a short-run reduction in real GDP is most likely caused by
Discrimination
The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, sex, or disability.
Schematic Differentiation
A psychological process involving the categorization and differentiation of concepts based on prior knowledge and experiences.
Symbolic Interactionism
A sociological perspective focusing on how individuals interpret and confer meanings to symbols, gestures, and actions in society, shaping their interactions and social realities.
Macro-Level
Pertaining to large-scale social processes, phenomena, and systems that affect entire populations or societies.
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