76 331
Assignments Done
Successfully Done
In May 2019

Answer to Question #4500 in Macroeconomics for Emin

Question #4500
in the 45 degree line model what is the "equilibrium condition" describing the level of aggregate output which satisfy both producers and their customers? If, in the aggregate, businesses produce more than this equilibrium output level, what happens to the extra output? How does this result help to explain the reaction by businesses that restores equilibrium ? If, on the other hand , aggregate output was less than the equilibrium level, what happens and how is equilibrium restored ?
Expert's answer

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!


No comments. Be first!

Leave a comment

Ask Your question

Privacy policy Terms and Conditions