On the 45-degree line diagram, the 45-degree line shows points ...

[iveyjurea]

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]

Answer to Question 1

C

Answer to Question 2

B