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Question 11 When leakages are greater than injections the economy will

Question 11 When leakages are greater than injections the economy will

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question 11 When leakages are greater than injections the economy will Question 12 At very low price levels there is a low level of production. Since increases in price levels encourage producers to increase output the until the factors of production become scarce. Aggregate Supply curve tends to be very_
Transcribed Image Text:Question 11 When leakages are greater than injections the economy will Question 12 At very low price levels there is a low level of production. Since increases in price levels encourage producers to increase output the until the factors of production become scarce. Aggregate Supply curve tends to be very_
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At very low price levels there is a low level of production.  Since increases in price levels encourage producers to increase output the Aggregate Supply curve tends to be very__________________ until the factors of production become scarce.

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