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Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660895Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660895 Exercise 16
Why does equilibrium real GDP occur where C + I g = GDP in a private closed economy? What happens to real GDP when C + I g exceeds GDP? When C + I g is less than GDP? What two expenditures components of real GDP are purposely excluded in a private closed economy?
Explanation
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A private closed economy occurs without ...
Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
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