In a Macroeconomic Model, Equilibrium Is When

question 27

Multiple Choice

In a macroeconomic model, equilibrium is when

• A) the government has achieved an efficient allocation of resources.
• B) the actions of consumers and firms are consistent.
• C) everyone in the economy is happy.
• D) nothing is changing.

---

Definitions:

Bronchioles

The small passages in the lungs that lead air to and from the alveoli, instrumental in the process of breathing.

Gas Exchange

The biological process through which organisms exchange oxygen and carbon dioxide with their environment, fundamental in respiration and photosynthesis.

Medulla Oblongata

Hindbrain region that influences breathing and controls reflexes such as coughing and vomiting.

Pacemaker

A medical device that regulates the heartbeat by sending electrical pulses to stimulate the heart when it is beating too slowly or irregularly.