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Q13 In the income-expenditure model, macro equilibrium occurs where Aggregate supply equals GDP. Aggregate expenditure equals national income. Aggregate demand equals total planned expenditure. Aggregate
Q13 In the income-expenditure model, macro equilibrium occurs where
- Aggregate supply equals GDP.
- Aggregate expenditure equals national income.
- Aggregate demand equals total planned expenditure.
- Aggregate demand equals aggregate supply.
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Historical Perspectives On The American Economy Selected Readings
Authors: Robert Whaples, Dianne C Betts
1st Edition
0521466482, 9780521466486
