Answered: In the simplest macro economy, real GDP…

In the simplest macro economy, real GDP is in equilibrium O when unwanted inventories are zero O when S = || O when AD = AS O all of the above

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter10: Keynesian Macroeconomics And Economic Instability: A Critique Of The Self Regulating Economy

Section10.4: The Simple Keynesian Model In The Te-tp Framework

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In the simplest macro economy, real GDP is in equilibrium
O when unwanted inventories are zero
O when S = |
O when AD = AS
O all of the above

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