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A closed economy with government will be in equilibrium when: a) All of the above b) Desired AE = AO (or Aggregate Expenditures = Aggregate

A closed economy with government will be in equilibrium when: a) All of the above b) Desired AE = AO (or Aggregate Expenditures = Aggregate Output) c) The AE line crosses the 45-degree line d) Y = C + I + G

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