Consider the Simplest Macro Model with a Constant Price Level

question 51

Multiple Choice

Consider the simplest macro model with a constant price level and demand-determined output.If desired aggregate expenditure is less than actual national income,then

• A)inventories begin to fall,causing firms to increase production.
• B)actual national income is below the equilibrium level.
• C)actual national income must be above the equilibrium level.
• D)actual national income must be at equilibrium.
• E)inventories begin to fall,causing national income to fall.

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Definitions:

Macrophages

Immune cells that engulf and digest cellular debris, foreign substances, microbes, cancer cells, and anything else that does not have proteins specific to healthy body cells.

IgE Antibodies

Immunoglobulin E antibodies produced by the immune system in response to an allergen.

Degranulation

The release of granules from inside cells into the extracellular space, a process often associated with the immune response in mast cells and neutrophils.

Inflammation

Part of innate immunity: a local response to tissue damage or infection; characterized by redness, warmth, swelling, and pain.