a. Given the following: Ca = $130, Ig = $60, Xn = $10, and G =
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a. Given the following: Ca = $130, Ig = $60, Xn = − $10, and G = $40, what is the economy’s equilibrium GDP? b. If real GDP in an economy is currently $250, will the economy’s real GDP rise, fall, or stay the same? c. Suppose that full-employment (and full-capacity) output in an economy is $250. If Ca = $180, Ig = $60, Xn = − $10, and G = $40, what will be the macroeconomic result?
Related Book For
Economics
ISBN: 978-0073375694
18th edition
Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn
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