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The diagram below shows an AD/AS model for a hypothetical economy.The economy begins in long-run equilibrium at point A. FIGURE 24-3
-Refer to Figure 24-3.A negative shock to the economy shifts the AD curve from to
.At the new short-run equilibrium,the price level is ________ and real GDP is ________.
Two-Way Table
A tabular method to display the frequencies of occurrences of variables that are classified according to two categorical dimensions.
Association
The relationship or correlation between two or more variables or factors in a study.
Chi-Square Test
A statistical method used to assess the differences between categorical variables in a contingency table.
Distribution
Describes the way values of a variable or data points are spread or dispersed across a range.
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