In the aggregate expenditures model, the equilibrium GDP is

Social Studies

1 answer:

tangare [24]3 years ago

4 0

Answer:

Private closed economy

Explanation:

Aggregate expenditures are linked to real GDP in the aggregate appropriations model. The convergence of the collective expenditure curve with the 45-degree line in the model represents equilibrium, which occurs when aggregate expenditures approximate real GDP.

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