how-is-macroeconomic-equilibrium-represented-in-a-private-open-economy-using-the

Question

How is macroeconomic equilibrium represented in a private open economy using the 45-degree line?

Accepted Answer

Where the aggregate expenditures line intersects the 45-degree line.

Answer

Where the aggregate expenditures line is parallel to the 45-degree line.

Answer

Where the aggregate expenditures line is below the 45-degree line.

Answer

Where the aggregate expenditures line is above the 45-degree line.