Figure 23-1 -Refer to Figure 23-1. If the Economy Is in Equilibrium

question 116

Multiple Choice

Figure 23-1
-Refer to Figure 23-1. If the economy is in equilibrium, it is at a level of aggregate expenditure given by point

• A) J.
• B) K.
• C) L.
• D) Points J, K and L all represent equilibrium.

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Definitions:

Illegal Acts

Actions that are forbidden by law and subject to official punishment.

Physiological Need

A basic bodily requirement.

Basic Requirement

Fundamental needs or conditions that must be met to achieve a goal or maintain a standard.

Drive-Reduction Theory

the idea that a physiological need creates an aroused state (a drive) that motivates an organismto satisfy the need