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When the aggregate price level increases, the purchasing power of many assets falls, causing a decrease in consumer spending. This, the _____ effect, is a reason the _____ curve slopes _____.
Monaural Clues
Auditory signals that can be perceived by one ear, helping in sound localization and identification.
Sound Localization
The process by which the brain determines the location of a sound source in space.
Binaural
Relating to or involving both ears, often used in the context of hearing or audio perception.
Sensory Acuity
The ability to perceive and distinguish fine details and nuances through the senses.
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