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The level of gdp is in short run equilibirum when: ae = c +I + g + nx actual output equals potential output Unplanned changes

The level of gdp is in short run equilibirum when:

  1. ae = c +I + g + nx
  2. actual output equals potential output
  3. Unplanned changes in inventories are zero
  4. planned investment equals actual investment
  5. both c and d

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