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Suppose at a Particular Level of Real Gross Domestic Product

Question 20

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Suppose at a particular level of real gross domestic product (GDP) ,there are no unintended inventory adjustments.In this context,which of the following is true?


A) Real GDP is less than the equilibrium level of real GDP demanded.
B) Real GDP is greater than the equilibrium level of real GDP demanded.
C) Real GDP equals the equilibrium level of real GDP demanded.
D) At equilibrium real GDP,there is no inflation.
E) At equilibrium real GDP,there is no saving.

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