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REGULATORY POLICY: Government policy based on government's ability to pass laws and enact regulations.

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AGGREGATE DEMAND DECREASE, LONG-RUN AGGREGATE MARKET

A shock to the long-run aggregate market caused by a decrease in aggregate demand resulting in and illustrated by a leftward shift of the aggregate demand curve. A decrease in aggregate demand in the long-run aggregate market results in an increase in the price level but no change in real production. The level of real production resulting from the aggregate demand shock is full-employment real production.

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APLS

BEIGE MUNDORTLE
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Today, you are likely to spend a great deal of time at a crowded estate auction seeking to buy either throw pillows for your bed or a package of blank rewritable CDs. Be on the lookout for door-to-door salesmen.
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This isn't me! What am I?

John Maynard Keynes was born the same year Karl Marx died.
"Most people never run far enough on their first wind to find out they've got a second. Give your dreams all you've got and you'll be amazed at the energy that comes out of you."

-- William James, Psychologist

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Association of Business Executives
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