In the Short-Run Macro Model,equilibrium Occurs When

question 82

Multiple Choice

In the short-run macro model,equilibrium occurs when

• A) all of the following conditions are satisfied
• B) the unintended change in inventories is zero
• C) total sales equals output
• D) the aggregate expenditure line intersects the 45-degree line
• E) GDP equals aggregate expenditure

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Definitions:

Free Will

The concept that humans have the capacity to choose and act upon their own decision making, free from predestination or determinism.

Humanism

A psychological approach focusing on examining the entire individual and the distinctiveness of each person's experiences.

Psychoanalysis

A therapeutic approach founded by Sigmund Freud focusing on unconscious mental processes and early childhood experiences.

Biological Roots

The genetic, neurochemical, and physiological bases of behavior and mental processes, emphasizing the role of nature in psychology.