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Lecture

ECO209 - Oct 1.docx

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Department
Economics
Course
ECO209Y1
Professor
All Professors
Semester
Fall

Description
ECO209 – OCT 01 Lec03 Slide 25 • Desired consumption and investment • Value added = income generated o Gdp always equal to income • Involuntary decrease in inventory: when aggregated expenditure > gdp (what economy has produced) o AE>Y excess demand o AE
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