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  A decrease in the price level will __________ the real value of wealth, and is likely to __________ consumption.  

  During a recession, fewer individuals buy motorcycles, jet skis, and recreational vehicles. As a result, some people in the industries that make and sell those goods lose their jobs. These individuals would be classified as  

  Why is the long-run aggregate supply (LRAS) vertical?  

  Which is a correct version of the Fisher equation?  

  Menu costs of inflation  

  In the equation M × V = P × Y, the variable M stands for the  

  The gap between the real and nominal interest rate represents  

  If inflation occurs in a country, we know that  

  Aggregate demand is about __________ and aggregate supply is about __________.  

  You get a pay raise and feel richer even though your raise did not keep up with inflation; this is best described as