An Identity Is an Equation That

question 131

Multiple Choice

An identity is an equation that

• A)describes an equilibrium.
• B)pertains to macroeconomics, not to microeconomics.
• C)must be true by the way the variables in the equation are defined.
• D)involves final goods, not intermediate goods.

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Definitions:

Know Anything

The capability or act of understanding, learning, or being aware of information without limitations.

Logically Presented

When information or arguments are arranged and expressed in a clear, orderly, and rational manner.