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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Related Book For
Macroeconomics
ISBN: 9781259915673
21st Edition
Authors: Campbell McConnell, Stanley Brue , Sean Flynn
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