use your own words to explain the idea of, Microeconomics

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use your own words to explain the idea of

Use your own words to explain the idea of equilibrium in the income-expenditure model. As part of your answer explain what happens when aggregate expenditure either exceeds or falls short of output in the current period and what impact this has on production in the next period.

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Microeconomics: use your own words to explain the idea of

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Microeconomics: use your own words to explain the idea of

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