In the Keynesian model, equilibrium occurs when aggregate output equals aggregate expenditures.
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Q24: If actual real GDP is greater than
Q174: Exhibit 9-7 Keynesian aggregate-expenditures model
Q175: In the aggregate expenditures model, if an
Q176: Unplanned inventory depletion occurs when real GDP
Q177: Exhibit 9-7 Keynesian aggregate-expenditures model
Q178: Exhibit 9-7 Keynesian aggregate-expenditures model
Q180: If real gross domestic product is $2,000
Q182: The spending multiplier effect is the result
Q184: An increase in the marginal propensity to
Q185: The greater the marginal propensity to consume
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