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Macroeconomics + Economy 2009 Update 18th Edition by Campbell McConnell, Sean Masaki Flynn,Stanley Brue
Edition 18ISBN: 9780077354237Macroeconomics + Economy 2009 Update 18th Edition by Campbell McConnell, Sean Masaki Flynn,Stanley Brue
Edition 18ISBN: 9780077354237 Exercise 6
Answer the following questions, which relate to the aggregate expenditures model:
a. If C a is $100, I g is $50, X n is -$10, and G is $30, what is the economy's equilibrium GDP
b. If real GDP in an economy is currently $200, C a is $100, I g is $50, X n is -$10, and G is $30, will the economy's real GDP rise, fall, or stay the same
c. Suppose that full-employment (and full-capacity) output in an economy is $200. If C a is $150, I g is $50, X n is -$10, and G is $30, what will be the macroeconomic result
a. If C a is $100, I g is $50, X n is -$10, and G is $30, what is the economy's equilibrium GDP
b. If real GDP in an economy is currently $200, C a is $100, I g is $50, X n is -$10, and G is $30, will the economy's real GDP rise, fall, or stay the same
c. Suppose that full-employment (and full-capacity) output in an economy is $200. If C a is $150, I g is $50, X n is -$10, and G is $30, what will be the macroeconomic result
Explanation
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Macroeconomics + Economy 2009 Update 18th Edition by Campbell McConnell, Sean Masaki Flynn,Stanley Brue
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