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FIGURE 23-1
-Refer to Figure 23-1.Assume the economy is initially in equilibrium with desired aggregate expenditure equal to real GDP at point V.The price level is .Now,suppose the AE curve shifts to
and we move to a new equilibrium level of GDP at
and point C on
.A possible cause of this change in equilibrium is
Altered States
Conditions in which the mind reaches a level of consciousness different from the normal waking state, often induced by practices like meditation, drug use, or hypnosis.
Culturally Determined
Aspects of behavior, values, or social norms that are shaped by the cultural background and context of individuals or groups.
Sensations
The immediate and basic experiences generated from sensory stimuli.
Ritual Prohibitions
Rules or taboos within a culture or religion that restrict certain actions or behaviors as part of ritual practices.
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