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    Essentials of Economics Study Set 4
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    Exam 12: Fiscal Policy
  5. Question
    Figure 12.1: -Assuming Aggregate Demand Is Represented by AD<sub>3</sub>,the Economy Depicted in Economy
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Figure 12.1: -Assuming Aggregate Demand Is Represented by AD3,the Economy Depicted in Economy

Question 13

Question 13

Multiple Choice

Figure 12.1: Figure 12.1:   -Assuming aggregate demand is represented by AD<sub>3</sub>,the economy depicted in Figure 12.1 confronts a real GDP gap of: A)  Zero. B)  $400 billion. C)  $520 billion. D)  $560 billion.
-Assuming aggregate demand is represented by AD3,the economy depicted in Figure 12.1 confronts a real GDP gap of:


A) Zero.
B) $400 billion.
C) $520 billion.
D) $560 billion.

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