I agree that it's probably the volume or balance pot (potentiometer). If there is a problem with one of these controls, usually, you will hear some scratchiness, or the volume will not change smoothly when you move the control. You could also try "playing" with any other switches & controls that you may not have touched for awhile. A bad contact in a tape-monitor switch or in a loudness switch might cause a similar problem.
If it's just the level, and you don't notice any distortion, its most-likely
not the power supply or any "active" electronics.
Since it happens with all of the inputs and all of the speaker outputs, it doesn't sound like an external connection, unless you have an equalizer or something else in the audio-chain, it's got to be something inside the reciever.
Here's an example of tuner/control cleaner. You use this stuff the same way S-12 said to do it without cleaner... Take the cover off of the unit and with the power disconnected, spray some cleaner into the openings in the back of the control (or switch) and operate the control/switch rapidly. (You can turn the power back-on when you "play with" the controls to see if you are making any progress, but be careful not to get "zapped", and don't turn the volume full-up with power on, or you might blow your speakers!)
If none of this works, try wiggling the wires & connectors around inside the unit when you have the cover off. Do this with the power-on while the unit is playing so you can hear any changes in the sound. To be safe, push the wires & connectors around with a wooden stick. (Most of the circuitry is low-voltage, but if you don't know what you are doing, it's better to use a stick.) If you find a loose conector, disconnect the power to
protect yourself. Then touch the metal chassis just-before you touch any circuitry. This is to
protect the electronics by discharging any static electricity from your body.
If you do find a bad connection inside the unit, you may be able to fix it by simply unplugging it an re-plugging it in, or you might need to spray the connector with some of that cleaner, or maybe scrape some corrosion off of the contact with an X-Acto knife or something....