Macroeconomic equilibrium requires
A) equilibrium in the goods market.
B) equilibrium in the money market.
C) equilibrium in both the goods and money markets.
D) equilibrium in neither the goods nor the money market.
C
Economics
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A budget constraint represents the:
A) inequality in the incomes earned by various economic agents. B) aggregate income earned by all the firms in an economy. C) total money income that an agent earns in different time periods. D) goods and services an economic agent can choose given her limited income.
Economics
Intermediate goods, like milk sold by a farmer to a supermarket, are
a. included in GDP. b. included in GDP at market value. c. included if it is imported. d. are not included in GDP.
Economics