Macroeconomic Equilibrium Can Occur at Any Point on the 45

question 114

True/False

Macroeconomic equilibrium can occur at any point on the 45 degree line.

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Definitions:

Exponential Growth

Growth whose rate becomes ever more rapid in proportion to the growing total number or size.

Arithmetic Growth

A pattern of growth where a population increases by a constant amount in each time period.

Logistic Growth

Population increase that results in an S-shaped curve; growth is slow at first, steepens, and then levels off due to environmental resistance.

Ecology

Study of the interactions of organisms with other organisms and with the physical and chemical environment.