Figure 8.2TE45°TE-C+I+G+(X-IM)Y1In Figure 8.2, all of the following is true, except:O at full employment there is a disequilibrium.at full employment there is a lack of total demand for goods and services.at full employment more is purchased than the output of a fully employed economy.at full employment the total expenditure function is below the 45? line.

Equilibrium is established when aggregate demand equals output.

Figure 8.2 TE 45 TE=C+I+G+(X-IM) In Figure 8.2, all of the following is true, except: O at full employment there is a disequilibrium. O at full employment there is a lack of total demand for goods and services. O at full employment more is purchased than the output of a fully employed economy. O at full employment the total expenditure function is below the 45? line.

Figure 8.2 TE 45 TE=C+I+G+(X-IM) In Figure 8.2, all of the following is true, except: O at full employment there is a disequilibrium. O at full employment there is a lack of total demand for goods and services. O at full employment more is purchased than the output of a fully employed economy. O at full employment the total expenditure function is below the 45? line.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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