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Calculating the GDP from the graph and drawing the business cycle graph.

480_GDP graph.jpg

1. If [C0 - (mpc (T) + G + X -IM] = 389 and the multiplier = 8, illustrate what will GDP be for the three investment demand curves shown above?

2. Suppose 1, 2, and 3 represent three consecutive years, and draw a Business Cycle graph for the above hypothetical ex.

 

 

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M921691

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