Econ questions macro please explain.

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Question: Consider a closed economy with government spending. The following graph shows a 45-degree line an…
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Question: Consider a closed economy with <a href=government spending. The following graph shows a 45-degree line an…” />

Show transcribed image text Consider a closed economy with government spending. The following graph shows a 45-degree line and plots expenditures (C + I + G) as a function of real GDP. Assume that potential GDP is $400 billion. True or False: This economy is in an inflationary gap. True False

Consider a closed economy with government spending. The following graph shows a 45-degree line and plots expenditures (C + I + G) as a function of real GDP. Assume that potential GDP is $400 billion. True or False: This economy is in an inflationary gap. True False

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