​Which of the Following Statements Is True

question 72

Multiple Choice

​Which of the following statements is true?

• A)​The ATM model of money is a general­equilibrium model.
• B)​The opportunity cost of holding money in the ATM model increases when the nominal interest rate declines.
• C)In a general-equilibrium model, most of the key macroeconomic variables are exogenous.
• D)​​Normally, results from a general equilibrium model can be applied to a wider range of problems than the results from a partial-equilibrium model.

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Definitions:

Overweight

Having more body fat than is optimally healthy, considered as having a body mass index (BMI) over 25.

Obese

A medical condition characterized by excessive body fat accumulation, which poses a risk to health.

Bulimia

An eating disorder characterized by episodes of binge eating followed by compensatory behaviors like vomiting to prevent weight gain.

Anorexia Nervosa

A psychological disorder characterized by an extreme fear of gaining weight and a distorted body image, leading to severe restriction of food intake.