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Which of the following will cause a decrease in aggregate demand?
Kinked-demand Model
A model used to explain price stability in oligopolistic markets, suggesting that firms may not change their pricing in response to small changes in costs or demand due to a perceived kink in the demand curve.
Price Increases
A rise in the cost of goods and services over a period of time, often measured as a percentage.
Price Cuts
Reductions in the selling price of goods or services, often used as a strategy to increase demand or compete more effectively in the market.
Cartel
An agreement among competing firms to control prices or exclude entry of a new competitor in a market.
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