Question: 3. Any point on a 45-degree line is a. parallel to the horizontal axis. b. parallel to the vertical axis. c. equidistant from both axes,

3. Any point on a 45-degree line is a. parallel to the horizontal axis. b. parallel to the vertical axis. c. equidistant from both axes, but only if prices are variable. d. representative of equilibrium in the simple Keynesian model, assuming that point is also on the TE curve

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