The Equilibrium Level of GDP Is the Level at Which

question 60

Multiple Choice

The equilibrium level of GDP is the level at which

• A)aggregate demand exceeds output.
• B)aggregate demand equals output.
• C)aggregate demand is less than output.
• D)inventories are being depleted to meet demand.

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Definitions:

Type A Behavior Pattern

A cluster of characteristics—including being excessively competitive, hard-driven, impatient, and hostile—that is related to a higher incidence of heart disease.

Type B Behavior Pattern

A cluster of characteristics—including being relaxed and easygoing—that is related to a lower incidence of heart disease.

Heart Disease

A range of conditions affecting the heart, including coronary artery disease, heart rhythm problems, and heart defects.

Type A Behavior Pattern

A personality type characterized by high stress levels, impatience, aggressiveness, and a sense of urgency.