Macroeconomics

DescriptionHere is the prompt with requirements and the questions: Listed below is a question concerning macroeconomics. Your task is to answer the question completely, using your text book and any lecture notes, in paper form. You DO NOT need literature cited page. DO NOT DIRECTLY QUOTE ANY SOURCE, DIRECTLY QUOTING A SOURCE WILL RESULT IN A 25 POINT REDUCTION IN YOUR PAPER. Your paper should include an introduction, body, and conclusion. Introduce the topic/concepts, answer the question in the body, and then draw a conclusion. Answer the question, get in and get out. Grammatical mistakes will cost you 10 points per mistake and the omission of any pertinent economic information or inclusion of incorrect economic information will cost you 10 points each. Your paper should also read smoothly. Rough or choppy papers will lose a maximum of 10 points. Your paper should be no more than 2 pages double spaced (1 page is fine as long as you answer the question) in 12 point Times New Roman font. The paper should be typed and saved in a WORD DOCUMENT and include your name at the top of the first page. Save the paper with your last name as the file name, for example, my paper would be McCracken. You should deliver the paper via Blackboard email with YOUR NAME as the subject. The paper is due SUNDAY, JULY 18TH, 2021 at NOON. Papers that are late will NOT be graded.EXPLAIN WHY TOTAL INCOME AND TOTAL OUTPUT HAVE TO EQUAL