In a Macroeconomic Model, Equilibrium Is When

question 45

Multiple Choice

In a macroeconomic model, equilibrium is when

• A)everyone in the economy is happy.
• B)the actions of consumers and firms are consistent.
• C)nothing is changing.
• D)the government has achieved an efficient allocation of resources.

---

Definitions:

Mon(o)-

A prefix meaning one, single, or alone.

Endaural

Related to, occurring within, or performed through the ear canal.

Audiology

The branch of science and medicine dealing with the study of hearing, balance, and related disorders.

Aural

Pertaining to the ear or the sense of hearing.