Equilibrium is unique; it is the only price-output combination that is mutually compatible with aggregate supply and demand.
Answer the following statement true (T) or false (F)
True
Macro equilibrium occurs at the intersection of the AS and AD curves.
Economics
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Marginal utility can be:
A) positive, but not negative B) positive or negative, but not zero. C) positive, negative, or zero. D) decreasing, but not negative.
Economics
Suppose your $50,000 certificate of deposit matures and you transfer the funds to your checking account. This causes
A) M1 to decrease by $50,000 and M2 to increase by $50,000. B) M1 to increase by $50,000 and M2 to remain the same. C) both M1 and M2 to increase by $50,000. D) no change to either M1 or M2.
Economics