If the economy's macro-equilibrium position generates too high unemployment, what can the government do?
Answer to relevant QuestionsCalculate the GDP deflator for the following years for the Canadian economy, using 2001 as the base year. How does the problem of double counting arise in calculating GDP, and how is it corrected? Use the following data to calculate GDP, GNP, NNP, national income, personal income, and personal disposable income. What is dissaving? Describe a situation that would create dissaving in an economy. Calculate the 2010 and 2011 MPCs for each of the countries.
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