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Answer:
The pitcher for the home team allows a lead-off double in the bottom half of the first inning of a Little League (Major) Division softball game. After returning to the pitcher's circle, the pitcher begins her wind-up to the next batter.
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Answer:
The intuition behind the real wealth effect is that when the price level decreases, it takes less money to buy goods and services. The money you have is now worth more and you feel wealthier. So, in response to a decrease in the price level, real GDP will increase.
Explanation: