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Question: please answer all parts of the question if you do...

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Please answer all parts of the question. If you do them all I will give you a good rating if not I will report you. Answer like it was an exam. Do all parts please. Thank you.




SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. expenditure (trillions of 2000 dollars) I5 12 45 line AE 0 3 692 Real GDP (trillions of 2000 dollars) 1) The above figure shows the AE curve and 45° line for an economy. 1) a. If real GDP equals $6 trillion, how do firms inventories compare to their planned inventories? b. If real GDP equals $12 trillion, how do firms inventories compare to their planned inventories? c. What is the equilibrium level of expenditure? Why is this amount the equilibrium?
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