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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Answer:
C. Domestic products are less expensive
Explanation:
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Answer:a,b are the answers:)
American Commodore Matthew Perry led his four ships into the harbor at Tokyo Bay, seeking to re-establish for the first time in over 200 years regular trade and discourse between Japan and the western world.
