Equilibrium in the Economy Occurs When

question 5

Multiple Choice

Equilibrium in the economy occurs when:

• A) Aggregate demand equals withdrawals.
• B) Aggregate supply equals injections.
• C) Planned injections equal planned withdrawals.
• D) Aggregate demand equals investment.

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Definitions:

P-Value

The chance of encountering test outcomes as significant as or more than what is actually seen, assuming that the null hypothesis holds.

Population Locations

The geographically-based positions or areas where members of a specific population are found or located.

Ordinal

Pertaining to a scale or measurement where the order of values is significant, but the intervals between values are not necessarily consistent or known.

Interval

A range of numbers between two set points where any number within that range is included.