Define carefully what is meant by equilibrium in the multiplier model. For each of the following, state why the situation
a. In Table 22-2, GDP is $3300 billion.
b. In Figure 22-7, actual investment is zero and output is at M.
c. Car dealers find that their inventories of new cars are rising unexpectedly.
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Question Posted: December 05, 2015 03:35:32