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The 45 degree line drawn to find the demand side equilibrium a) Shows all the points at which the output equals the expenditures. b) Shows
The 45 degree line drawn to find the demand side equilibrium a) Shows all the points at which the output equals the expenditures. b) Shows all the points at which the general price level is equal to the total output. c) Intersects the expenditure line in equilibrium. d) all. e) a and c. f) None of the above
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Microeconomics
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
1st Edition
978-1464146978, 1464146977
