When demand for goods and services is high, firms are more likely to hire more workers.
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Q12: Equilibrium is the point where total spending
Q13: The expenditure schedule includes the consumption function.
Q14: If total spending is greater than current
Q15: When total spending is less than production,
Q16: If investment spending depends on GDP, this
Q18: In a simplified circular flow model with
Q19: Equilibrium GDP occurs when total spending equals
Q20: When inventories accumulate, unemployment rises.
Q21: The equilibrium level of GDP is always
Q22: The full employment level of GDP is
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