Equilibrium GDP occurs when total spending equals total output.
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Q14: If total spending is greater than current
Q15: When total spending is less than production,
Q16: If investment spending depends on GDP, this
Q17: When demand for goods and services is
Q18: In a simplified circular flow model with
Q20: When inventories accumulate, unemployment rises.
Q21: The equilibrium level of GDP is always
Q22: The full employment level of GDP is
Q23: The U.S.economy in 2009 was characterized by
Q24: A recessionary gap exists when the equilibrium
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