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5.3. Draw the Keynesian income-expenditure model of the economy showing the equilibrium level of real GDP above the full employment level of output. How could
5.3. Draw the Keynesian income-expenditure model of the economy showing the equilibrium level of real GDP above the full employment level of output. How could the government use fiscal policy to return the unemployment rate back to its "natural" level? Show this diagrammatically.
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