Which of the Following Occurs When the Goods Market Is

question 58

Multiple Choice

Which of the following occurs when the goods market is in equilibrium?

• A)domestic output (Y)equals the demand for domestic goods.
• B)Y equals the domestic demand for goods.
• C)Y equals the domestic demand for domestic goods.
• D)net exports equals 0.
• E)demand for domestic goods equals the domestic demand for goods.

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Definitions:

Minorities

Groups in a society that are smaller in number and often have less power or representation compared to the majority group.

U.S. Population

The total number of people living in the United States, a figure that changes due to birth rates, death rates, and immigration.

Deregulation

The reduction or elimination of government power in a particular industry, usually intended to increase competition and efficiency.

Technology Improvements

Refinements or advancements in technology that result in better performance, efficiency, or effectiveness of devices, systems, or processes.