Macroeconomic Equilibrium Occurs When

question 219

Multiple Choice

Macroeconomic equilibrium occurs when

• A)the quantity of output demanded equals the quantity of output supplied.
• B)the price level is increasing.
• C)the price level is decreasing.
• D)there is very low cyclical unemployment.

---

Definitions:

Scoring Rubric

A set of criteria and standards used to evaluate and grade an assignment, performance, or project, often providing detailed feedback.

Unacceptable

Not satisfactory or tolerable; not meeting required standards or norms.

Weak

Lacking strength, effectiveness, or force in physical terms, arguments, or characters.

Critical Thinking

The intellectually disciplined process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and/or evaluating information.