Which of the following correctly describes the condition that generates the equilibrium levels of price and aggregate output in the economy?
a. When the U.S. budget is balanced
b. When aggregate quantity demanded is maximized
c. When aggregate supply minus aggregate demand equals the price level
d. When aggregate demand equals aggregate supply
d
Economics
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What are "cash-out refinancings"?
What will be an ideal response?
Economics
In 2008, the Treasury and Federal Reserve took several actions in response to the deepening financial crisis
One action was the creation of the Term Securities Lending Facility, under which the Fed will loan up to $200 billion of treasury securities in exchange for A) stock. B) corporate bonds. C) mortgage-backed securities. D) required bank reserves.
Economics