When All Markets in the Economy Are Simultaneously in Equilibrium,we

question 79

Multiple Choice

When all markets in the economy are simultaneously in equilibrium,we say

• A)markets are complete.
• B)markets are perfect.
• C)there is disequilibrium.
• D)there is general equilibrium.

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Definitions:

Positive Reinforcement

A technique used in behavior analysis to increase the likelihood of a desired response by adding a reward after the desired behavior is exhibited.

Restructured Ideas

Concepts or theories that have been revised or reorganized to incorporate new information or perspectives.

Cognitive Development

The development of cognitive functions such as memory, solving problems, and making decisions, from childhood and teenage years into adult life.

Classical Conditioning

A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus.