When Does the Equilibrium Quantity of Aggregate Output Occur

question 31

Multiple Choice

When does the equilibrium quantity of aggregate output occur?  

• A) when the economy reaches the full employment of labour 
• B) when planned aggregate expenditure equals income generated from production 
• C) when actual aggregate expenditures equal real GDP 
• D) when inventories of goods and services are increasing

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A biological characteristic determining the male and female species, typically based on reproductive organs and genetic makeup.

Gender

The range of characteristics pertaining to, and differentiating between, masculinity and femininity, including social roles, behaviors, and identities.

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A psychological predicament in which an individual receives two or more conflicting messages, in which obeying one message results in failing to obey the other.