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Macroeconomics + Economy 2009 Update 18th Edition by Campbell McConnell, Sean Masaki Flynn,Stanley Brue
Edition 18ISBN: 9780077354237Macroeconomics + Economy 2009 Update 18th Edition by Campbell McConnell, Sean Masaki Flynn,Stanley Brue
Edition 18ISBN: 9780077354237 Exercise 11
In the economy depicted, the $5 billion inflationary expenditure gap:
A) expands real GDP to $530 billion.
B) leaves real GDP at $510 billion but causes inflation.
C) could be remedied by equal $5 billion increases in taxes and government spending.
D) implies that real GDP exceeds nominal GDP.
A) expands real GDP to $530 billion.
B) leaves real GDP at $510 billion but causes inflation.
C) could be remedied by equal $5 billion increases in taxes and government spending.
D) implies that real GDP exceeds nominal GDP.
Explanation
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Verified
Inflationary gap does not tell relations...
Macroeconomics + Economy 2009 Update 18th Edition by Campbell McConnell, Sean Masaki Flynn,Stanley Brue
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