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Total planned spending in an economy is represented by PAE = 2,000+ 0.8Y where Y represents real GDP. Calculate the output gap if potential
Total planned spending in an economy is represented by PAE = 2,000+ 0.8Y where Y represents real GDP. Calculate the output gap if potential GDP is 15,000. O 2,000 O 13,000 O -5,000 O-10,000
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Accounting for Decision Making and Control
Authors: Jerold Zimmerman
8th edition
78025745, 978-0078025747
