When spending balance is achieved, the economy has reached a long-run equilibrium.
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Q135: Spending balance occurs when people consume according
Q136: Exhibit 23-5 Q137: When does the slope of the expenditure Q138: Which of the following statements best describes Q139: When spending is equal to output and Q141: The following table shows the relationship between Q142: Suppose business executives become very pessimistic and Q143: Suppose most European economies are in a Q144: Which of the following is true? Q145: The spending multiplier is the ratio of
A)Potential GDP
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