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On a Diagram of the Planned Expenditure Function Ep and the 45-Degree

Question 37

Multiple Choice

On a diagram of the planned expenditure function Ep and the 45-degree line,we find autonomous planned spending


A) where the 45-degree line hits the vertical axis.
B) at each level of output by the vertical distance between the Ep and 45-degree lines.
C) where Ep intersects the vertical axis.
D) at each level of income by the vertical distance from the horizontal axis up to Ep.

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