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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 full-employment
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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International economics
Authors: Robert J. Carbaugh
13th Edition
978-1439038949, 1439038945, 978-8131518823
