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-Refer to the above diagram which is for a private closed economy.All figures are in billions of dollars.If businesses were willing to invest $30 at each possible level of GDP,the equilibrium level of GDP would be:
Strong Relationship
A deep and enduring bond between individuals characterized by mutual respect, trust, and affection.
Independent Variable
The variable in an experiment that is manipulated or changed to observe its effect on the dependent variable.
Dependent Variable
A variable in an experiment that is expected to change as a result of changes made to the independent variable.
Placebo
A substance with no therapeutic effect, often used as a control in testing new drugs.
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