4. Other things equal, what effect will each of the following changes independently have on the equilibrium

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4. Other things equal, what effect will each of the following changes independently have on the equilibrium level of real GDP in the private closed economy? LO31.5

a. A decline in the real interest rate.

b. An overall decrease in the expected rate of return on investment.

c. A sizable, sustained increase in stock prices.

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Economics

ISBN: 9781259723223

21st Edition

Authors: Campbell McConnell, Stanley Brue, Sean Flynn

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