When There Is Economy-Wide Equilibrium,there Is a Tendency for

question 43

Multiple Choice

When there is economy-wide equilibrium,there is a tendency for

• A) total output to rise.
• B) total output to fall.
• C) total output to remain unchanged.
• D) prices to fall.
• E) prices to rise.

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Definitions:

Industry Averages

Statistical metrics that summarize the average performance, behavior, or characteristic of companies within a specific industry.

Relative Position

The placement or rank of something in relation to others based on a specific criteria.

Vertical Analysis

A technique for evaluating financial statement data that expresses each item within a financial statement as a percentage of a base amount.

Net Income

The net income of a business following the subtraction of all costs and taxes from its revenue.