A Macroeconomic Equilibrium Occurs When the

question 216

Multiple Choice

A macroeconomic equilibrium occurs when the

• A)quantity of real GDP demanded is greater than the quantity of real GDP supplied.
• B)quantity of real GDP demanded is less than the quantity of real GDP supplied.
• C)quantity of real GDP demanded equals the quantity of real GDP supplied even if they are not equal to potential GDP.
• D)quantity of real GDP demanded equals the quantity of real GDP supplied and both equal potential GDP.
• E)None of the above answers is correct.

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Definitions:

Electrons

Negatively charged subatomic particles that orbit an atom's nucleus, playing a key role in chemical reactions and electricity.

Covalent

Covalent refers to a type of chemical bond where atoms share pairs of electrons to achieve a full outer shell and stability.

Ionic

Refers to the chemical bond formed between atoms when electrons are transferred from one atom to another, resulting in positively and negatively charged ions.

Metallic

Relating to or characteristic of metal, including properties such as shiny appearance, conductivity, and malleability.