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.

---

Definitions:

Retrograde Amnesia

A loss of memory-access to events that occurred, or information that was learned, before an injury or the onset of a disease.

Prefrontal Lobe

A part of the frontal lobes of the brain involved in decision making, social behavior, and personality expression.

Hippocampus

A major component of the brains of humans and other vertebrates, involved in the consolidation of information from short-term memory to long-term memory and spatial navigation.

Short-term Memory

The part of the memory system where information is stored for a brief period of time, typically from several seconds to a minute, before it is either discarded or transferred to long-term memory.