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The Following Information Is for a Closed Economy

Question 205

Multiple Choice

The following information is for a closed economy:
The following information is for a closed economy: -Refer to the above information.If both government spending and taxes are zero,the equilibrium level of GDP: A) is $200. B) is $300. C) is $400. D) is $500.
-Refer to the above information.If both government spending and taxes are zero,the equilibrium level of GDP:


A) is $200.
B) is $300.
C) is $400.
D) is $500.

Correct Answer:

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