IE 4-3....Suppose that a Demand shift (a change in income) moves this economy to Point F with Employment of 110 million people. The Circular Flow will be producing a Real GDP of billion with an equilibrium at Point U in the PPF. This is a __ situation..

In the problem above, if there is a shift in demand as a result of a change in income which moves the economy to point F. There will be a production of a Real GDP of approximately $3840 billion. Due to the change in the equilibrium position, the economic system will be a major recession which is also known as depression. This occurs because there is loss of customer confidence.

IE 4-3....Suppose that a Demand shift (a change in income) moves this economy to Point F with Employment of 110 million people. The Circular Flow will be producing a Real GDP of ____________ billion with an equilibrium at Point U in the PPF. This is a ______________ situation..

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IE 4-3....Suppose that a Demand shift (a change in income) moves this economy to Point F with Employment of 110 million people. The Circular Flow will be producing a Real GDP of billion with an equilibrium at Point U in the PPF. This is a __ situation..