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-Assume a Closed Economy with No Government

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  -Assume a closed economy with no government. Why doesn't equilibrium exist at aggregate output level Y = 400 in Table 11.4? Why doesn't equilibrium exist at aggregate output level Y = 1,000 in Table 11.4?
-Assume a closed economy with no government. Why doesn't equilibrium exist at aggregate output level Y = 400 in Table 11.4? Why doesn't equilibrium exist at aggregate output level Y = 1,000 in Table 11.4?

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At aggregate output level Y = 400, the l...

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