Question: What effect will each of the changes listed in Study Question of Chapter 27 have on the equilibrium level of GDP in the private closed

What effect will each of the changes listed in Study Question of Chapter 27 have on the equilibrium level of GDP in the private closed economy? Explain your answers.
a. A large increase in the value of real estate, including private houses.
b. A decline in the real interest rate.
c. A sharp, sustained decline in stock prices.
d. An increase in the rate of population growth.
e. The development of a cheaper method of manufacturing computer chips.
f. A sizable increase in the retirement age for collecting Social Security benefits.
g. An increase in the Federal personal income tax.

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