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    Exam 11: Aggregate Demand I: Building the Islm Model
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    When Planned Expenditure Is Drawn on a Graph as a Function
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When Planned Expenditure Is Drawn on a Graph as a Function

Question 1

Question 1

Multiple Choice

When planned expenditure is drawn on a graph as a function of income, the slope of the line is:


A) between minus one and zero.
B) between zero and one.
C) one.
D) greater than one.

Correct Answer:

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