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:

Excavates

A group of unicellular organisms, often flagellates, characterized by a distinct cellular structure, including a feeding groove.

Symbiotic Relationships

Interactions between two different organisms living in close physical association, typically to the advantage of both.

Larger Cells

Cells that are significantly above the average size, which can occur in various organisms and may have specific functional adaptations.

Bacteria

Single-celled microorganisms that can be found in a wide range of environments; some cause disease while others are beneficial.