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Refer to the following figure to answer the next questions.
-According to the figure, contractionary monetary policy will cause an economy that is initially at full-employment output to go from equilibrium ________ to equilibrium ________ in the short run.
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The highest judicial court in a U.S. state, with final appellate jurisdiction over cases within that state.
State Legislatures
Bodies within each U.S. state responsible for the creation and amendment of state laws and regulations.
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The specific conditions or qualifications that individuals or organizations must meet in order to legally operate or perform certain activities.
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The compensation received by legal professionals for their services, which varies based on experience, specialization, and location.
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