Social Studies, 20.07.2021 04:20 lovenahofer
In the aggregate expenditures model, the equilibrium GDP is
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Answer from: vuqepete4528
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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c. wright mills's sociological imagination suggest investigating to explain this increase?
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a factory opens that mass-produces light bulbs.
explanation:
not sure if that's an answer to your questions but this is an example! : )
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In the aggregate expenditures model, the equilibrium GDP is...
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