In the IS-LM Model, General Equilibrium Refers to a Situation

Multiple Choice

In the IS-LM model, general equilibrium refers to a situation in which

A) there is full employment in an economy.
B) the goods market and money market in an economy are both in equilibrium.
C) the goods market and money market in an economy are both in equilibrium and there is full employment in that economy.
D) the markets for all goods and services in an economy are in equilibrium.