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Econ 1951 assignment 2 Suppose that the equilibrium GDP is $500 billion and the full employment GDP is $600 billion. If the slope of the
Econ 1951 assignment 2 Suppose that the equilibrium GDP is $500 billion and the full employment GDP is $600 billion. If the slope of the AE curve is 0.8, how much would the government have to change its expenditure to get the economy to full employment equilibrium? Illustrate your answer with an appropriate graph, and show the numerical values in your graph
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