Answered: If the economy is in equilibrium in the…

If the economy is in equilibrium in the aggregate expenditure diagram, it must be on the 45° line. on the 60° line. below the 45° line. below the 60° line

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter23: The Aggregate Expenditure Model

Section: Chapter Questions

Problem 2P

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Question

If the economy is in equilibrium in the aggregate expenditure diagram, it must be

	on the 45° line.
	on the 60° line.
	below the 45° line.
	below the 60° line

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