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Exhibit 5-3
-In Exhibit 5-3 AD1 and AS1 represent the initial aggregate demand and aggregate supply.The initial equilibrium is at point A.Suppose that the price level in Europe falls,what will the new equilibrium be?
Stability
The condition of being resistant to change and maintaining equilibrium in a given context.
Prosperity
A state of flourishing, success, or good fortune, often including financial well-being.
Core Ideology
The fundamental beliefs, values, and principles that serve as the foundation for an organization's culture and strategic decisions.
Top Management
The highest-level executives in an organization, responsible for strategic planning and decision-making.
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