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​ in the Long Run, a Decrease in Aggregate Demand

question 142

Multiple Choice

​ In the long run, a decrease in aggregate demand causes the price level to _______ and the long-run aggregate supply curve to _____________.


Definitions:

Half-Life

The time required for half of the atoms in a radioactive sample to decay, transforming into different atoms or into a lower energy state.

Half-Life

The time required for a quantity to reduce to half its initial amount, commonly used in describing the decay of radioactive materials.

Half-Life

The time required for half the quantity of a radioactive substance to undergo decay, also used in broader contexts to describe any type of exponential decay.

Half-Life

The time required for one half of the atoms of a radioactive substance to disintegrate into more stable materials.

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