The Aggregate Expenditure Line,along with the 45-Degree Line,determines Equilibrium

question 136

Multiple Choice

The aggregate expenditure line,along with the 45-degree line,determines equilibrium.This model is based on the assumption that

• A)production is constant
• B)production is constant and at the full employment level of GDP
• C)producers are ready to supply whatever amount of output is demanded at the existing price level
• D)producers will supply more at higher prices than they will at lower prices
• E)producers will supply more at lower prices than they will at higher prices

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Definitions:

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