Multiple Choice
A 45-degree line on a graph with expenditures,E,on the vertical axis and production,Y,on the horizontal axis,represents
A) the line of disequilibrium levels of income.
B) all possible equilibrium levels of production and expenditures.
C) some of the equilibrium levels of production and expenditures.
D) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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