Macroeconomic equilibrium is best described as a situation in which:
a. the slope of the aggregate demand curve equals the slope of the aggregate supply curve.
b. quantity demanded exceeds quantity supplied
c. quantity demanded equals quantity supplied at a unique price level.
d. quantity supplied exceeds quantity demanded at a unique price level.
e. quantity supplied equals quantity demanded at a unique price level.
e
Economics
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A reason the production possibilities frontier exists is
A) unlimited resources and technology. B) scarcity of resources. C) scarcity of resources and unlimited technology. D) unemployment. E) that people's wants are unlimited.
Economics
Why is the commercial value of ivory a threat to the elephant, while the commercial value of beef is the cow's guardian?
a. Elephants live in Africa, whereas cows live in the United States. b. Elephants are a common resource. c. Cows are a common resource. d. Cows are a public good.
Economics