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tlc_71111 tlc_71111
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5 years ago
In the income-expenditure model, equilibrium output is the level of output at which the 45-degree line intersects the planned expenditures line. Explain why this output level is an equilibrium level. Illustrate your answer with a diagram of the income-expenditure model.
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Macroeconomics: Principles, Applications and Tools

Macroeconomics: Principles, Applications and Tools


Edition: 7th
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blazeypoohblazeypooh
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