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:

Iteration Structure

A programming construct used to repeat a block of code multiple times until a specified condition is met, examples include for, while, and do-while loops.

Sequence

An ordered collection of objects or values where each item is identifiable by its position within the collection.

Selection

A programming construct that allows for choosing between two or more paths of execution based on conditions.

Invocation

The act of calling or executing a procedure, function, or method in programming.