From the Demand Side, the Equilibrium Level of GDP Is

question 156

Multiple Choice

From the demand side, the equilibrium level of GDP is one at which

• A)everyone who wants a job has one and firms are not looking for extra workers.
• B)the only unemployment is frictional.
• C)aggregate demand equals production.
• D)the only unemployment is cyclical.

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Definitions:

Primary Colours

Fundamental colors (usually red, green, and blue for light; cyan, magenta, and yellow for pigments) that can be combined to create a full spectrum of colors.

Trichromatic Process

A theory of color vision that proposes three types of color receptors in the eye, each sensitive to red, green, or blue.

Opponent Process

A theory suggesting that emotions are regulated by mechanisms that operate in opposition to each other.

Visual System

The part of the central nervous system which enables organisms to process visual detail, including the eyes, optic nerve, and brain areas responsible for visual perception.