The figure given below depicts macroeconomic equilibrium in a closed economy.Assume that the spending multiplier in this economy is 1.5. Figure 10.5 Refer to Figure 10.5.If the target or potential level of real GDP is $1, 200, then at an equilibrium real GDP level of $900:

Question

The figure given below depicts macroeconomic equilibrium in a closed economy.Assume that the spending multiplier in this economy is 1.5. Figure 10.5  Refer to Figure 10.5.If the target or potential level of real GDP is $1, 200, then at an equilibrium real GDP level of $900:

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The Answer of The figure given below depicts macroeconomic equilibrium in a closed economy.Assume that the spending multiplier in this economy is 1.5. Figure 10.5  Refer to Figure 10.5.If the target or potential level of real GDP is $1, 200, then at an equilibrium real GDP level of $900:

The Figure Given Below Depicts Macroeconomic Equilibrium in a Closed