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9. Use the graph below to answer the following questions: (a) What is the equilibrium GDP? (b) Suppose the level of real GDP is $650

9. Use the graph below to answer the following questions: (a) What is the equilibrium GDP? (b) Suppose the level of real GDP is $650 billion. Explain why this may occur. 675 650 625 C Aggregate Expenditures 600 450 425 400 400 425 450 475 500 525 550 575 600 625 650 675 Real GDP (billions of dollars)

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