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A decrease in the price level makes consumers feel wealthier, so they purchase more. This logic helps explain why the aggregate demand curve slopes downward.
Performance Goals
Objectives set to assess the effectiveness or outcome of an action or series of actions, often used to evaluate success or progress in various contexts.
Competitive Result
The outcome of a contest or competition where participants strive against each other to achieve superiority or a victory.
Self-Confidence
The belief in one's own abilities, qualities, and judgment.
Self-Efficacy
A person's confidence in their ability to perform actions required to achieve certain outcomes.
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