Question
Suppose real GDP is $1.3 billion and potential GDP is $1.8 billion. If the government increases government purchases by $0.5 billion, then the economy will
Suppose real GDP is $1.3 billion and potential GDP is $1.8 billion. If the government increases government purchases by $0.5 billion, then the economy will be brought to equilibrium at potential GDP.
a.
True
b.
False
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Energy, Trade And Finance In Asia A Political And Economic Analysis
Authors: Justin Dargin, Tai Wei Lim
1st Edition
1317322711, 9781317322719
