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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 73
If the full-employment GDP is $1 trillion greater than equilibrium GDP and the multiplier is 5, how much is the recessionary gap?
Explanation
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A recessionary gap means that actual GDP...
Macroeconomics 11th Edition by Stephen Slavin
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