Which of the Following Statements Is True About Equilibrium in the Aggregate

question 98

Multiple Choice

Which of the following statements is true about equilibrium in the aggregate expenditures model?
I. Equilibrium is found at the level of real GDP at which the aggregate expenditures curve
Crosses the 45-degree line.
II. In equilibrium, real GDP produced equals aggregate expenditures.
III. In equilibrium, inventories equal zero.
IV. In equilibrium, real GDP produced equals potential real GDP.

• A) I only
• B) I and II only
• C) I, II, and III only
• D) I, II, III, and IV

Recognize the link between job demands, presenteeism, and health.

Understand Piaget's stages of cognitive development and their characteristics.

Learn about the concept of egocentrism and its significance in cognitive development.

Grasp the concept of object permanence and its development stage.

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Definitions:

Institutional Review Board (IRB)

A committee that reviews and monitors research involving human participants to ensure ethical standards are maintained.

American Psychological Association (APA)

A leading scientific and professional organization representing psychology in the United States, dedicated to advancing the creation, communication, and application of psychological knowledge to benefit society and improve lives.

Ethical Guidelines

Set of principles designed to guide behavior and decision-making based on moral duties and virtues.

Random Sample

A method of selecting a subset of individuals from a population in such a way that every individual has an equal probability of being chosen.