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Use a graphing calculator to solve the equation. Round your answer to two decimal places.
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Open Economy
An economy linked to the rest of the world through international trade.
Equilibrium GDP
The level of GDP at which total demand for goods and services equals total supply in an economy, indicating a state of economic balance.
Aggregate Demand
The entirety of demand for goods and services within an economy, at a chosen general price level and throughout a specified time period.
Aggregate Supply
The total supply of goods and services that firms in an economy are willing to sell at a given price level in a given time period.
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