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The following information is for a closed economy: GDP C S Ig $100 $100 $0 $80 200 160 40 80 300 220 80 80 400
The following information is for a closed economy: GDP C S Ig $100 $100 $0 $80 200 160 40 80 300 220 80 80 400 280 20 80 500 340 160 80 600 400 200 80 700 460 240 80 Refer to the above information. If government now spends $80 billion at each level of GDP and taxes remain at zero, the equilibrium GDF Multiple Choice will rise to $500. O will rise to $700. O may either rise or fall. O will rise to $600
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