Which of the Following Is an Equilibrium Condition of the Short-Run

question 20

Multiple Choice

Which of the following is an equilibrium condition of the short-run macro model?

• A) Taxes equal transfers.
• B) Imports equal exports.
• C) Aggregate expenditure equals output.
• D) Consumption spending equals autonomous consumption spending.
• E) Consumption spending equals investment spending plus government spending.

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Definitions:

Subcortical Brain Activity

Neural processes happening below the cerebral cortex involved in basic life functions, emotions, and reactions.

Selye Calls Hassles

Minor everyday stressors or annoyances as identified by Hans Selye in his research on stress.

Dweck's Concept

Refers to Carol Dweck's theory of mindset, suggesting that individuals can be categorized based on their beliefs about where ability comes from, including fixed and growth mindsets.

Locus Of Control

A psychological concept referring to an individual's belief about the extent to which their actions can influence the events that affect them.