Macroeconomic Equilibrium Occurs When

question 78

Multiple Choice

Macroeconomic equilibrium occurs when

• A)there is no inflation.
• B)real GDP is equal to potential GDP.
• C)the aggregate quantity demanded is equal to the aggregate quantity supplied.
• D)the economy is fully employed.
• E)the price level equals the potential price level.

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Definitions:

Clifford Sifton

A Canadian politician known for his role in promoting the immigration of settlers to the prairies in the early 20th century.

Bird Sanctuary

A designated area that provides habitat and protection for bird species to live and breed, often to conserve endangered species.

Conservation

The planned management of a natural resource to prevent exploitation, destruction, or neglect, ensuring its sustainability for future generations.