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Suppose That, at the Current Interest Rate, the Sum of the Consumption

question 127

Essay

Suppose that, at the current interest rate, the sum of the consumption, investment, and net export shares is greater than the share available for nongovernment use.
Explain how the current interest rate will have to change to reach the long-run equilibrium. Illustrate the effect on each of the nongovernment shares of GDP.


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