The Active Maintenance of a Constant Internal Environment Is Referred

question 135

Multiple Choice

The active maintenance of a constant internal environment is referred to as:

• A)homeostasis.
• B)equilibrium.
• C)stability.
• D)symmetry.
• E)balance.

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Definitions:

Cost-Push Inflation

Rising costs of doing business push up prices.

Open-Market Operations

Activities undertaken by central banks to buy or sell government securities in the open market to influence the money supply and interest rates.

Aggregate Demand

The all-embracing pursuit of goods and services in an economy, calculated at a fixed overall price level and within a chosen time frame.

Business Cycle Trough

The phase in the business cycle where economic activity is at its lowest point, preceding a recovery or expansion period.