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  3. Study Set
    Principles of Macroeconomics Study Set 12
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    Exam 11: The Determination of Aggregate Output, the Price Level, and the Interest Rate
  5. Question
    If the Price Level Falls, the Aggregate Supply Decreases as a Result
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If the Price Level Falls, the Aggregate Supply Decreases as a Result

Question 86

Question 86

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If the price level falls, the aggregate supply decreases as a result of the aggregate demand curve shifting left.

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