Which of the Following Is Definitely True If the Economy

question 75

Multiple Choice

Which of the following is definitely true if the economy is in macro equilibrium?

• A) The price level is optimal,but the output level may not be
• B) The output level is optimal,but the price level may not be
• C) The price level and the output level are both optimal
• D) The price level and the output level may or may not be optimal

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Definitions:

Resistance Stage

The second phase of the General Adaptation Syndrome, where the body mobilizes its defenses to adapt to stressors.

Daily Hassles

Regular minor irritations or annoyances that people encounter in their everyday lives, which can accumulate and impact mental health.

Environmental Hassles

Daily, minor annoyances or problems that individuals encounter in their environment, which can accumulate and contribute to larger stress levels.

General Adaptation Syndrome

A model describing the body's short-term and long-term reactions to stress, consisting of the stages of alarm, resistance, and exhaustion.