Question: Explain the process by which a decrease in durable goods orders at a constant price level changes equilibrium expenditure and real GDP. U.S. durable goods

Explain the process by which a decrease in durable goods orders at a constant price level changes equilibrium expenditure and real GDP.

U.S. durable goods orders slump most in three years, the Commerce Department reported that orders for U.S. durable goods fell in January by the most in three years. Orders for commercial aircraft and business equipment fell most. Machinery orders dropped 10.4 percent.

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