450 Line Diagram Assignment | Homework For You

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17. The graph below (Figure1) called the 450 line diagram which is used to illustrate macroeconomic equilibrium. Briefly describe the features of the 450 line and the macroeconomic condition characterizing the economy at points A, B, C and D. Assume Pepsi is the only good produced in the hypothetical economy that the diagram represents. Figure 118. Briefly discuss the changes shown in

 

Figure 2. List one factor that can cause the shift in each diagram and briefly explain the transmission mechanism. Get Economics homework help today

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