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ans please POTIS n your training in macroeconomics, you are asked to explain changes in equilibrium me and real GDP in the country of Conestoga.

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POTIS n your training in macroeconomics, you are asked to explain changes in equilibrium me and real GDP in the country of Conestoga. Assume the price level is held constant. notice the following sequence of changes in the economy when investment spending eases. You understand that this is due to the expenditure multiplier ich of the following statements BEST explains this expenditure multiplier process? plain why 1. Induced expenditure increases real GDP increases, autonomous expenditure increases, real GDP increases more, induced expenditure increases again, and the process continues until equihbnium expenditure is reached 2. Autonomous expenditure increases, induced expenditure increases, real GDP increases and the price level rises) 3. Autonomous expenditure increases real GDP increases induced expenditure increases, real GDP increases more induced expenditure increases again, and the process continues untilequilibrium reached

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