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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.

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Further detail:

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  • On April 2, 1917, President Woodrow Wilson made a powerful speech to Congress in which he argued that the nation needed to enter the war "to make the world safe for democracy."  Wilson's speech was powerfully convincing, and four days later, Congress declared war.
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