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By the end of this section, you will be able to do the following: Explain real GDP or real output, recessionary gaps, and inflationary gaps, recognize the Keynesian aggregate demand/aggregate supply model, identify the determining factors of both consumption expenditure and investment expenditure, and analyze the factors that determine government spending and net exports.
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- Knovation Readability Score: 5 (1 low difficulty, 5 high difficulty)
- The intended use for this resource is Instructional