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In the aggregate expenditures model, the equilibrium GDP is Multiple Choice assumed to be equal to the potential GDP level. not necessarily equal to the
In the aggregate expenditures model, the equilibrium GDP is Multiple Choice assumed to be equal to the potential GDP level. not necessarily equal to the full-employment GDP. always above the potential GDP level. always less than the full-employment GDP level
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Modern Principles of Economics
Authors: Tyler Cowen, Alex Tabarrok
3rd edition
1429278390, 978-1429278416, 1429278412, 978-1429278393
