When the Level of Output Is Such That Aggregate Demand

question 46

Multiple Choice

When the level of output is such that aggregate demand equals aggregate supply,

• A)the economy is at the full-employment level of GDP.
• B)the economy is at equilibrium GDP.
• C)both of the statements are true.
• D)Neither of the statements are true.

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Definitions:

Youngest Populations

Demographic groups within a society that are the most recent born, referring to children and young people who make up the emerging generation.

Foreign Investment

Capital investment made by individuals, companies, or governments in foreign countries, either by acquiring assets in those countries or through direct investments in businesses and projects.

Aging Population

Refers to a demographic trend where the proportion of people within older age groups in a population increases.

Franchising

A contractual agreement between a franchisor and a franchisee that allows the franchisee to operate a business using a name and format developed and supported by the franchisor.