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Explain, in detail, how the adjustment to macroeconomic equilibrium occurs when spending (AE) is less than production (Y). Be sure to discuss how inventories play

Explain, in detail, how the adjustment to macroeconomic equilibrium occurs when spending (AE) is less than production (Y). Be sure to discuss how inventories play a crucial role in the adjustment process. State what happens to real GDP, employment, and unemployment during the adjustment process.

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