On the 45 Degree-Line Diagram,the 45 Degree Line Shows Points

question 264

Multiple Choice

On the 45 degree-line diagram,the 45 degree line shows points where real aggregate expenditure equals

• A)unplanned investment.
• B)planned investment.
• C)real GDP.
• D)nominal GDP.

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Definitions:

Consumer Debt

Personal debt incurred for the purchase of goods and services not considered investment assets.

Consumer Protection

Laws and measures designed to safeguard consumers from unfair, deceptive, or harmful practices in the marketplace.

Cooling-Off Period

A legally designated time frame during which a buyer can cancel a purchase or contract without penalty.

Repudiate

The rejection or refusal to acknowledge or pay a debt, or the denial of the validity of a contract.