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    Macroeconomics Study Set 20
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    Exam 10: Monopoly
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    -Refer to Exhibit 10-6
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-Refer to Exhibit 10-6

Question 109

Question 109

Multiple Choice

  -Refer to Exhibit 10-6.If total production (TP) is greater than total expenditures (TE) ,the economy is currently producing a level of Real GDP that is A)  equal to or lower than Q<sub>3</sub>. B)  equal to or greater than Q<sub>3</sub>. C)  less than Q<sub>2</sub>. D)  between Q<sub>2</sub> and Q<sub>1</sub>. E)  greater than Q<sub>3</sub>.
-Refer to Exhibit 10-6.If total production (TP) is greater than total expenditures (TE) ,the economy is currently producing a level of Real GDP that is


A) equal to or lower than Q3.
B) equal to or greater than Q3.
C) less than Q2.
D) between Q2 and Q1.
E) greater than Q3.

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