Each of the following headlines describes an event that, Ask an Expert

Economics

Each of the following headlines describes an event that will have an effect on desired aggregate expenditure what will be the effect on equilibrium national income? In each case, describe how the event would be illustrated in the 45° line diagram.

a. "Minister takes an axe to the armed forces."

b. "Russia agrees to buy more Canadian wheat.

c. "High-tech firms to cut capital outlays."

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9164826

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