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Macroeconomics 12th Edition by Michael Parkin
Edition 12ISBN: 978-0133872279Macroeconomics 12th Edition by Michael Parkin
Edition 12ISBN: 978-0133872279 Exercise 3
Use the following figure to work Problem.
The figure illustrates the components of aggregate planned expenditure on Turtle Island. Turtle Island has no imports or exports, no incomes taxes, and the price level is fixed.
a. What is aggregate planned expenditure when real GDP is $6 billion
b. If real GDP is $4 billion, what is happening to inventories
c. If real GDP is $6 billion, what is happening to inventories
The figure illustrates the components of aggregate planned expenditure on Turtle Island. Turtle Island has no imports or exports, no incomes taxes, and the price level is fixed.
a. What is aggregate planned expenditure when real GDP is $6 billion
b. If real GDP is $4 billion, what is happening to inventories
c. If real GDP is $6 billion, what is happening to inventories
Explanation
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The components of aggregate planned expe...
Macroeconomics 12th Edition by Michael Parkin
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