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If the SRAS curve is positively sloped,then a shift to the left of the AD curve will lead to ___________ in the price level,in the short run.
McDonaldization
The process by which principles of the fast-food industry, such as efficiency, calculability, predictability, and control, are becoming dominant in other sectors of society.
Globalization
The process of interaction and integration among people, companies, and governments worldwide, often leading to increased connectivity and interdependence of the world's markets and businesses.
Homogenizing Effects
The process by which dominant cultures or ideas begin to diminish or eliminate cultural differences, leading to a more uniform or similar society.
Modernization Theorists
Scholars who focus on the process and impact of modernization, typically emphasizing the transition from traditional to modern societies and its effects.
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