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Kipish [7]
3 years ago
8

If the AE curve lies above the 45 degree line

History
1 answer:
34kurt3 years ago
5 0

If the AE curve lies below the 45 degree line there is a inflation at full employment. ... If the AE curve lies above the 45 degree line there is a recession at full employment. 7. If the AE curve lies below the 45 degree line spending is more than income at full employment.

Google cited

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What is the best summary for this cartoon?
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World War I resulted from a "chain reaction"

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It illustrated the nations of Europe sitting at a table.  From the cartoon, it was revealed that the Central Powers in contrast to Russia was unhappy about small Serbia joining the table.

In the following event, out of nowhere, Serbia attack Austria - Hungary from the back. While Germany offers support to Austria, Russia and France made a pact without other nation's knowledge.

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Hence, the best summary for this cartoon is "World War I resulted from a "chain reaction"

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