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melinoma86 melinoma86
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3 years ago
The following shows a Keynesian 45° line diagram, where GDP (Y) is measured on the horizontal axis and consumption of domestically produced goods (Cd), injections (J), withdrawals (W) and aggregate expenditure (E) are measured on the vertical axis.



Injections at income 0f are given by

tn.

fv.

vt.

tm.
Textbook 
Essential Economics for Business

Essential Economics for Business


Edition: 5th
Authors:
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amw87470amw87470
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3 years ago
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wrote...
3 years ago
The following shows a Keynesian 45° line diagram, where GDP (Y) is measured on the horizontal axis and consumption of domestically produced goods (Cd), injections (J), withdrawals (W) and aggregate expenditure (E) are measured on the vertical axis.



Withdrawals at income 0f are given by

tn.

vt.

tm.

fv.
wrote...
3 years ago
tm.
wrote...
3 years ago
The following shows a Keynesian 45° line diagram, where GDP (Y) is measured on the horizontal axis and consumption of domestically produced goods (Cd), injections (J), withdrawals (W) and aggregate expenditure (E) are measured on the vertical axis.



When GDP rises from 0d to 0f, withdrawals rise by

tm.

st.

tn (= sl).

nm.
wrote...
3 years ago
nm.
wrote...
3 years ago
The following shows a Keynesian 45° line diagram, where GDP (Y) is measured on the horizontal axis and consumption of domestically produced goods (Cd), injections (J), withdrawals (W) and aggregate expenditure (E) are measured on the vertical axis.



Equilibrium GDP is given by

ad.

▸ 0d.

▸ 0l.

0a.
wrote...
3 years ago
0d.
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