MACROECONOMICS
14th Edition
ISBN: 9781337794985
Author: Baumol
Publisher: CENGAGE L
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Question
Chapter 9.A, Problem 4TY
a)
To determine
To calculate: The equilibrium
b)
To determine
To Identify: Any recessionary or inflationary gap is there and is to be calculated.
c)
To determine
To describe: effects to the equilibrium GDP when investors become optimistic about country’s future and raise their investment to $600.
d)
To determine
To Identify: If any inflationary gap is occurred after increase in investment and is to be calculated.
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