An Identity Is an Equation That

question 55

Multiple Choice

An identity is an equation that

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

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Definitions:

Defined Name

A descriptive name assigned to a cell, range of cells, formula, or constant value in spreadsheets for easier reference and management.

Apply

To put into action or use a particular method, process, or rule, often in order to achieve a specific result or effect.

MID Function

A programming function that extracts a substring from a given string, starting at a specified position and continuing for a given number of characters.

Text

Written or typed words used to convey messages, information, or data.