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Business, 01.04.2021 15:20 kate5895

he equilibrium output at this price level is equal to $600 billion . Suppose real GDP is currently $500 billion. Assuming the price level remains constant, this would mean thataggregate expenditures exceed current output by $50 billion , which would send a signal to firms to . The marginal propensity to consume (MPC) for this economy is and the spending multiplier for this economy is equal to .

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