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Aggregate demand decreases and real output falls but the price level remains the same.Which factor most likely contributes to downward price inflexibility?
Level
The magnitude or position on a scale, often used to describe the intensity or degree of a certain variable in data analysis.
Trend
A general direction in which something is developing or changing, often identified through analysis of data over time.
Double Forecasting Model
A predictive analysis technique that utilizes two different forecasting methods to improve the accuracy of future predictions.
Seasonal Additive Model
An approach in forecasting that considers and adds seasonal components to predict trends and patterns.
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