Assuming the economy is operating at equiilibrium

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Assuming the economy is operating at equiilibrium, predict what happens to the equilibrium price level and quilibrium real GDP as a result. And explain why.

a. preductivity increase

b. an increase in the labor participation rates

c. a significanty lower marginal tax rate

d. an increase in population

e. a decrease in givernment spending

f. an improvement in ecpectations about the future economic outlook.

Reference no: EM131392786

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