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According to the theory of liquidity preference,an increase in the price level causes the
Prices
The amount of money required to purchase goods or services, serving as the consideration for the value of the goods or services being exchanged.
Supply and Demand
Supply and demand is a fundamental economic model that explains the interaction between the sellers of a resource and the buyers for that resource, determining its price and quantity in a market.
Allocation of Resources
The process of assigning available resources, or factors of production, to specific uses chosen among many possible and competing alternatives.
Productivity
The assessment of how effectively a person, machine, factory, or system can transform inputs into valuable outputs.
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