ECS 1601 ASSIGNMENT 3 AND 4
Johns Hopkins University
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ECS 1601 ASSIGNMENT 3 AND 4
- Exam (elaborations) • 19 pages • 2021
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3.1 Which of the following statements is correct?
[1] At any point below the 45-degree line, aggregate spending is greater than production and
income.
[2] At any point below the 45-degree line, aggregate spending is less than production but greater
than income.
[3] At any point below the 45-degree line, aggregate spending is greater than income but smaller
than production.
[4] At any point below the 45-degree line, aggregate spending is less than production and income.
The 45-degree line...
Exam (elaborations)
ECS 1601 ASSIGNMENT 3 AND 4
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3.1 Which of the following statements is correct? [1] At any point below the 45-degree line, aggregate spending is greater than production and income. [2] At any point below the 45-degree line, aggregate spending is less than production but greater than income. [3] At any point below the 45-degree line, aggregate spending is greater than income but smaller than production. [4] At any point below the 45-degree line, aggregate spending is less than production and income. The 45-degree line...
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