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From an initial long-run equilibrium, if aggregate demand grows more slowly than long-run and short-run aggregate supply, the federal government would most likely
Massachusetts
A U.S. state in New England, known for its significant colonial history, educational institutions, and role in American revolutionary history.
Industrialized Region
An area that has undergone industrialization, characterized by significant manufacturing activities, infrastructure development, and economic growth.
Great Britain
A geographical and political term referring to the combined countries of England, Scotland, and Wales, often used synonymously with the United Kingdom.
New England Textile Factories
Industrial sites that were central to the American Industrial Revolution, primarily located in the New England region, where textiles were produced in large quantities.
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