Macroeconomics (12th Edition) (Pearson Series in Economics)
Macroeconomics (12th Edition) (Pearson Series in Economics)
12th Edition
ISBN: 9780133872644
Author: Michael Parkin
Publisher: PEARSON
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Chapter 11, Problem 21APA

(a)

To determine

Identify the aggregate expenditure when the real GDP is $200 billion.

(b)

To determine

Identify the process of movement toward the equilibrium expenditure when the real GDP is $200 billion.

(c)

To determine

Identify the process that moves toward equilibrium expenditure when the real GDP is $500 billion.

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