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Business, 31.07.2019 06:10 Bladen6579

Consider the following statement: "real gdp is currently $17.7 trillion, and potential real gdp is $17.4 trillion. if congress and the president would decrease government purchases by $300 billion or increase taxes by $300 billion, the economy could be brought to equilibrium at potential gdp." if government purchases were to decrease by $300 billion or if taxes were increased by $300 billion, the equilibrium level of real gdp would decrease by a. more than $300 billion. b. less than $300 billion. c. exactly $300 billion. d. none of the above; equilibrium real gdp would actually increase. therefore, the statement above is ▼ correct incorrect .

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