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Business, 17.03.2020 00:00 ekautz9675

Given a level of investment and government expenditures totaling $30 billion, zero net exports, and a lump-sum tax of $30 billion, a reduction of government expenditures of $20 billion at each level of real GDP will result in an equilibrium real GDP ofA) $490 billion.
B) $540 billion.
C) $590 billion.
D) $640 billion.

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