2. At all points on the 45 line: a. equilibrium GDP is possible. b. aggregate expenditures exceed...

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2. At all points on the 45° line:

a. equilibrium GDP is possible.

b. aggregate expenditures exceed real GDP.

c. consumption exceeds investment.

d. aggregate expenditures are less than real GDP.

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Macroeconomics

ISBN: 9781259915673

21st Edition

Authors: Campbell McConnell, Stanley Brue , Sean Flynn

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