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In a certain year, the aggregate amount demanded consists of $11,000 billion of consumption, $3,600 billion of investment, $1450 billion of net exports, and $5,

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In a certain year, the aggregate amount demanded consists of $11,000 billion of consumption, $3,600 billion of investment, $1450 billion of net exports, and $5, 140 billion of government purchases. Full-employment GDP is $20,750 billion. a) Determine the actual GDP b) Is this economy in a recession or in an inflationary output gap situation? c) What fiscal policy would you recommend

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