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At the Current Level of Real GDP

Question 29

Essay

At the current level of real GDP,
Sa = $160
Ig = $180
X = $320
M = $280
G = $270
T = $240
(a) What is the size of injections? Leakages?
(b) Is GDP at its equilibrium level? Explain.(c) What is the unplanned change in inventories? Explain.

Correct Answer:

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(a) Injections are $770 ($180 + $320 + $...

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