Other Things the Same, What Happens in the Short Run

question 104

Essay

Other things the same, what happens in the short run to the price level and quantity of output when the aggregate demand curve shifts to the left?

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Definitions:

Rodney King

A figure central to the 1991 police brutality case in Los Angeles, whose violent arrest led to widespread riots and discussions about race and policing in the United States.

Ethnic Group

A community or population made up of people who share a common cultural background or descent.

Racism

A set of beliefs about the claimed superiority of one racial or ethnic group; used to justify inequality and often rooted in the assumption that differences among groups are genetic.

Prejudice

An unfounded or negative bias or judgment towards individuals or groups, often based on stereotypes, without knowledge of the individual circumstances.