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In the aggregate expenditures model, equilibrium occurs if:
Accounts Receivable
Accounts receivable is the money owed to a business by its clients or customers for goods or services that have been delivered or used but not yet paid for.
Canadian Dollars
The official currency of Canada, abbreviated as CAD, used for all transactions within the country.
Spot Rate
The immediate market value at which a particular currency can be acquired or disposed of.
Forward Contract
A financial derivative that represents a contract between two parties to buy or sell an asset at a specified future date for a price that is agreed upon today.
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