Sppose that in one year household consumption falls by 20 , Macroeconomics

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Sppose that in one year household consumption falls by 20

suppose that in one year household consumption falls by $20 billion(compared to the year before), but business firms continue to produce consumer goods at an unchanged rate. if there is no other change affecting real GDP that year, what will happen to total real GDP? what will happen to each of its components?

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Macroeconomics: Sppose that in one year household consumption falls by 20

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Macroeconomics: Sppose that in one year household consumption falls by 20

Reference No:- TGS0582091

Have a Question? (oR Write a Review)

Recent Questions Asked Macroeconomics

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Ask an Expert for Answer!!

Macroeconomics: Sppose that in one year household consumption falls by 20

Reference No:- TGS0582091

Recent Questions Asked Macroeconomics

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