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If the economy is at potential output and the Fed decreases the money supply, in the SHORT run the price level will likely_____ and real GDP will likely_____ .
Oral
Pertaining to the mouth or spoken words; used in communication through speech rather than written form.
Immediate Feedback
Quick response to a message or action, allowing for rapid adjustment and improvement.
Oral Medium
A channel of communication that involves conveying messages or information through spoken words, in contrast to written or visual mediums.
Written Medium
A form of communication that involves the use of written language to convey messages or information.
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