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Consider the market for feather pillows.If there is an increase in the price of feather dusters,a substitute in production for feather pillows,then
Vertical Axis
In a graph or chart, the y-axis along which numerical values are plotted to measure the outcome variable.
Price Level
The current mean cost of goods and services across the full economic production.
Money Demand
The desired holding of financial assets in the form of money, which varies inversely with the interest rate.
Price Level
The economy-wide current average price for its entire range of goods and services.
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