Which of the Following Equations Represents Equilibrium in the Goods

question 20

Multiple Choice

Which of the following equations represents equilibrium in the goods market?

• A) AE = I(r)
• B) Y = AD + AS
• C) Y = S + I
• D) AE = C + I + G

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Definitions:

Hourly Wage

Payment to an employee based on the number of hours worked, typically quoted per hour.

Dimensions Of National Culture

Concepts that describe the effects of a society's culture on the values of its members, and how these values relate to behavior.

Individualism

A social theory favoring freedom of action for individuals over collective or state control, often associated with valuing independence and self-reliance.

Geert Hofstede

A Dutch social psychologist known for his work on cultural dimensions and their impact on business practices.