If actual real GDP is greater than the equilibrium level of real GDP (i.e., the aggregate expenditures function is below the 45-degree line), what happens to restore equilibrium to the economy?
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Q19: Suppose consumers and business decision makers become
Q20: When the spending of consumers, businesses, government,
Q21: The spending multiplier indicates that:
A) changes in
Q22: In the aggregate expenditures model, if aggregate
Q23: Exhibit 9-1 GDP and consumption data
Q25: Exhibit 9-3 Keynesian aggregate expenditures model
Q26: Within the simple Keynesian Cross model,
Q27: At the equilibrium level of real GDP,
Q28: In the aggregate expenditures model, if aggregate
Q29: Which of the following correctly describes the
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