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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 27
Circle the letter that corresponds to the best answer. Our economy is definitely at equilibrium in each case except when _______.
A) saving equals investment
B) aggregate demand equals aggregate supply
C) the amount people are willing to spend equals the amount that producers are producing
D) equilibrium GDP equals full-employment GDP
A) saving equals investment
B) aggregate demand equals aggregate supply
C) the amount people are willing to spend equals the amount that producers are producing
D) equilibrium GDP equals full-employment GDP
Explanation
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Given that option (a) is saving equals i...
Macroeconomics 11th Edition by Stephen Slavin
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