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Exhibit 9-4
-Consider an economy with a consumption function like C1 in Exhibit 9-4.The economy is currently operating at A when the price level rises.This would produce a movement from A to
Leeward Side
The side of a mountain or hill sheltered from the wind; typically receives less precipitation.
Windward Side
The side of a mountain, island, or other land mass that faces the direction from which the wind is coming, often receiving more rainfall than the leeward side.
El Niño-Southern Oscillation
A climate phenomenon characterized by the periodic warming of sea surface temperatures in the central and eastern Pacific Ocean, affecting weather patterns globally.
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