To construct a graph that would enable us to find equilibrium GDP, we would need to plot
a. the consumption-income line
b. a line showing the sum of consumption and investment at each income level
c. the investment spending line
d. the consumption-income line and the government expenditures line
e. an aggregate expenditure line and the 45-degree line from the origin
E
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The World Bank primarily engages in
A) short-term lending aimed at helping developing nations repay debt accumulated in past years. B) short-term lending aimed at helping developing nations repay loans from the International Monetary Fund. C) long-term lending aimed at helping developing nations' governments and businesses make investments that will contribute to economic growth. D) long-term lending aimed at helping developing nations' governments and central banks keep exchange rates from varying.
Refer to the above figure. Line C in Panel B does NOT represent
A) the equilibrium price. B) average revenue. C) total revenue. D) marginal revenue.