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Assume that the economy is currently in short-run equilibrium,then personal income taxes decline.Describe the correct sequence of events that happen as the economy adjusts to a new short-run equilibrium (be sure to state what the impact would be on the price level and Real GDP).
Chinese
Relating to China, its people, languages, or culture.
Spanish
A Romance language that originated in the Iberian Peninsula and is now a global language spoken by millions as a first or second language.
Incest
Sexual relations between people classified as being too closely related to marry each other.
Punishable Offense
An act or behavior that is deemed illegal or wrong by law, subjecting the perpetrator to legal penalties or punishments.
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