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

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

U.S. durable goods orders rebound strongly, the Commerce Department reported that orders for durable goods increased 4.9 percent in January. Civilian aircraft orders surged 54.2 percent.

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