Consider a Simple Macro Model with a Constant Price Level

question 36

Multiple Choice

Consider a simple macro model with a constant price level and demand-determined output.If national income is above its equilibrium level,it is likely that inventories are ________,and so national income tends to ________.

• A)accumulating; rise
• B)accumulating; fall
• C)being depleted; rise
• D)being depleted; fall
• E)constant; fall

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Definitions:

Industry Vs. Inferiority

The fourth stage of Erik Erikson's stages of psychosocial development, occurring during childhood, focuses on mastering skills and competencies leading to feelings of industry, or feeling incompetent, which leads to feelings of inferiority.

Erikson's Stage

Stages of psychosocial development proposed by Erik Erikson, each characterized by specific challenges and tasks that contribute to personality growth.

Monozygotic

Relating to twins that are genetically identical because they were formed from a single fertilized egg that split into two.

School Phobia

An intense fear or anxiety pertaining to attending school, often resulting in refusal to go to school and physical symptoms when faced with the prospect.