Which of the Following Is an Equilibrium Condition of the Short-Run

question 20

Multiple Choice

Which of the following is an equilibrium condition of the short-run macro model?

• A) Taxes equal transfers.
• B) Imports equal exports.
• C) Aggregate expenditure equals output.
• D) Consumption spending equals autonomous consumption spending.
• E) Consumption spending equals investment spending plus government spending.

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Definitions:

Budget Performance Report

A report comparing the actual financial performance with the planned or budgeted amounts, often highlighting variances for analysis.

Cost Center

A business division that incurs costs but directly does not generate revenues, its performance being measured through cost control.

Level of Management

The different stages or tiers in an organization's hierarchy, each with specific responsibilities, ranging from top executives to middle managers to front-line supervisors.

Responsibility Accounting

The process of measuring and reporting operating data by areas of responsibility.