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Where Does Equilibrium Occur in an Income Expenditure Diagram? What

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Where does equilibrium occur in an income expenditure diagram? What would be the effect if production is at either on the left or right side of the equilibrium point?


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An insurance contract that pays a beneficiary upon the death of the insured, or after a certain period.

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Payments made every three months for insurance policies or other agreements requiring regular fees.

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The amount of money that must be paid once a year to maintain an insurance policy or similar financial product.

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An insurance policy that pays a specified sum to the policyholder upon a certain date, or to the beneficiaries upon the policyholder's death.

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