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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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Microeconomics
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
2nd edition
1464187029, 978-1464189104, 1464189102, 978-0716759751, 716759756, 978-1464187025
