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###### 30 Assume the economy in in general equilibrium (where the AD intersects both the LRAS and...

30 Assume the economy in in general equilibrium (where the AD intersects both the LRAS and the intermediate SRAS at the same level of real GDP.) Further assume that this general equilibrium real GDP is the amount calculated using the following information: a. C 1000.8 (Y - T) b. T 50 c. I 100 d. G 100 (Х - М) - 20 f. P = 1.00 е. Part 1: Calculate the general equilibrium real GDP Part 2: Assume that G decreases by 30. Recalculate the "equilibrium" real GDP assuming change in the price level no

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