On the accompanying graph, identify and label (a) Macro equilibrium. (b) The real GDP gap. (c) The

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On the accompanying graph, identify and label

(a) Macro equilibrium.

(b) The real GDP gap.

(c) The AD excess or AD shortfall.

(d) The new equilibrium that would occur with appropriate fiscal policy.

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Related Book For  book-img-for-question

The Macro Economy Today

ISBN: 978-1259291821

14th edition

Authors: Bradley R. Schiller, Karen Gebhardt

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