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-Refer to Exhibit 10-5 When TE Is $700 Billion,what State

Question 150

Multiple Choice

-Refer to Exhibit 10-5 When TE is $700 billion,what state is the economy in? A) TE < TP,individuals are buying less output than firms produce. B) TE > TP,individuals are buying more output than firms produce. C) TE = TP,the economy is in equilibrium. D) TE < TP,individuals are buying more output than firms produce. E) TE > TP,individuals are buying less output than firms produce.
-Refer to Exhibit 10-5 When TE is $700 billion,what state is the economy in?


A) TE < TP,individuals are buying less output than firms produce.
B) TE > TP,individuals are buying more output than firms produce.
C) TE = TP,the economy is in equilibrium.
D) TE < TP,individuals are buying more output than firms produce.
E) TE > TP,individuals are buying less output than firms produce.

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