Multiple Choice
On the 45-degree line diagram, for points that lie above the 45-degree line,
A) planned aggregate expenditure is greater than GDP.
B) planned aggregate expenditure is less than GDP.
C) planned aggregate expenditure is equal to GDP.
D) planned aggregate expenditure is less than aggregate income.
E) planned aggregate expenditure is greater than potential GDP.
Correct Answer:
Verified
Correct Answer:
Verified
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