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Income on the Horizontal Axis at Which the Vertical Distance

Question 11

Multiple Choice

Income on the horizontal axis at which the vertical distance to the 45-degree line is less than the vertical distance to the Ep line gives rise to ________-than-equal planned expenditures,and so we must be ________ the equilibrium level of income.


A) less,below
B) less,above
C) greater,below
D) greater,above

Correct Answer:

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