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A rise in the aggregate price level will,other things equal,lead to a(n) :
Social Class
refers to divisions in society based on economic, cultural, or social status which impact individuals' opportunities, lifestyles, and attitudes.
Economic Decline
A period where an economy experiences a decrease in its overall output or economic activity.
Middle-Class
A socioeconomic group that falls between the working class and the upper class, typically characterized by moderate income, education, and a certain level of economic security.
Social Mobility
The ability of individuals or families to move within or between social strata in a society, impacting their economic and social position.
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