-In the above table, there are no taxes and no imports or exports. If current real GDP is equal to $7,000, then firms will

Name: -In the above table, there are no taxes and no imports or exports. If current real GDP is equal to $7,000, then firms will
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If current real GDP is $7,000 and there are no taxes, imports, or exports, firms will decrease production if inventories are above their target level, indicating that $7,000 is above the equilibrium level of real GDP.

-In the Above Table, There Are No Taxes and No