Author Question: On the 45-degree line diagram, the 45-degree line shows points where real aggregate expenditure ... (Read 90 times)

iveyjurea

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On the 45-degree line diagram, the 45-degree line shows points where real aggregate expenditure equals
 
  A) nominal GDP. B) unplanned investment.
  C) real GDP. D) planned investment.

Question 2

Long-run macroeconomic equilibrium occurs when aggregate demand ________ short-run aggregate supply and they ________ the long-run supply curve.
 
  A) is greater than; intersect at a point to the left of B) equals; intersect at a point on
  C) equals; intersect at a point to the right of D) is less than; intersect at a point to the right of



mcarey591

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Answer to Question 1

C

Answer to Question 2

B



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