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Exhibit 11-1 -Given Aggregate Demand and Aggregate Supply Schedule #2 in Exhibit

question 47

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Exhibit 11-1
Exhibit 11-1    -Given aggregate demand and aggregate supply schedule #2 in Exhibit 11-1, the equilibrium output level and price level are $7.0 and 110
-Given aggregate demand and aggregate supply schedule #2 in Exhibit 11-1, the equilibrium output level and price level are $7.0 and 110

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A psychological phenomenon by which people develop a preference for things merely because they are familiar with them.

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