MACROECONOMICS FOR TODAY
MACROECONOMICS FOR TODAY
10th Edition
ISBN: 9781337613057
Author: Tucker
Publisher: CENGAGE L
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Chapter 9, Problem 2SQP
To determine

Equilibrium level of employment and output.

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Students have asked these similar questions
If the economy is net importer, what will that do to the aggregate expenditure function and equilibrium level of real GDP?
How are the following events likely to influence the level of American net exports?   GDP grows faster in the United States than in the rest of the world. The inflation rate falls in the United States, but not in the rest of the world. Because of a worldwide increase in fuel prices, consumers everywhere become more interested in small, fuel-efficient cars, most of which are built abroad.
How are the following events likely to influence the level of American net exports? 1) Consumers in Europe become more prosperous, while the United States is mired in a recession. 2) The United States encounters a period of unexpectedly high inflation.
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