Consider a Simple Macro Model with a Constant Price Level

question 28

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)being depleted; fall
• B)being depleted; rise
• C)accumulating; rise
• D)constant: fall
• E)accumulating; fall

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Definitions:

Lung Cancer

A type of cancer that begins in the lungs, often associated with smoking and exposure to harmful substances.

Cystic Fibrosis

A genetic disorder that affects the respiratory and digestive systems, characterized by thick, sticky mucus production that can lead to breathing and digestion issues.

Diaphragm

In mammals, dome-shaped muscularized sheet separating the thoracic cavity from the abdominal cavity; contraceptive device that prevents sperm from reaching the egg.

Expiration

Act of expelling air from the lungs; exhalation.