In the Simple Macro Model That Is Considered in Chapters

question 43

Multiple Choice

In the simple macro model that is considered in Chapters 21 and 22 of the textbook,

• A)the economy is always in equilibrium.
• B)there is no government or foreign trade.
• C)the price level is determined within the model.
• D)there are no supply-side influences on national income.
• E)the simple multiplier is always equal to 1.

---

Definitions:

Memory Locations

Specific addresses in a computer's or device's memory where data or instructions are stored and accessed.

Equal Condition

Represents a condition in programming or logic that checks for equality between two variables or constants, frequently used in control and decision-making structures.

Numerical Information

Data expressed in numbers, characterized by using numerical values to represent quantities, measures, counts, or statistical data.

Writing

The process of creating text or content, either manually with pen and paper or digitally using computers or electronic devices.