Consider a Simple Macro Model with Demand- Determined Output

question 34

Multiple Choice

Consider a simple macro model with demand- determined output. At the equilibrium level of national income,

• A)desired aggregate expenditures will equal total output minus inventory holdings.
• B)consumers' purchases of goods and services equals their saving.
• C)firms will hold no inventories of raw materials or final goods.
• D)consumers' purchases of goods and services equal firms' purchases of investment goods.
• E)desired aggregate expenditures will equal total output.

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Definitions:

Glucose Molecules

A simple sugar that is an important energy source in living organisms and a component of many carbohydrates.

ATP Synthesis

The process by which energy is stored in the form of adenosine triphosphate (ATP) in cells, commonly occurring in the mitochondria via cellular respiration.

Electron Transfer Chain

In a cell membrane, series of enzymes and other molecules that accept and give up electrons, thus releasing the energy of the electrons in small, usable steps.