In the Aggregate Demand-Output Model, Equilibrium Occurs If

question 73

Multiple Choice

In the aggregate demand-output model, equilibrium occurs if:

• A) aggregate demand (AD) is greater than GDP.
• B) aggregate demand (AD) is less than GDP.
• C) there is no unplanned inventory depletion or accumulation.
• D) consumption equals investment.

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Definitions:

Algorithms

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Primary Mental Abilities

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Louis Thurstone

An influential American psychologist known for his contributions to psychometrics, including factor analysis and the development of psychological scales.

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