Pearson eText Economics -- Instant Access (Pearson+)
Pearson eText Economics -- Instant Access (Pearson+)
13th Edition
ISBN: 9780136879459
Author: Michael Parkin
Publisher: PEARSON+
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Chapter 28, 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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