Multiple Choice
Equilibrium in the economy means
A) unemployment is zero.
B) quantities demanded and supplied are equal in all markets.
C) prices are not changing over time.
D) tax revenues equal government spending, so the government has no budget deficit.
Correct Answer:

Verified
Correct Answer:
Verified
Q54: Why were the U.S.government budget deficits of
Q55: Before World War II,the average level of
Q56: A country has a trade deficit when<br>A)imports
Q57: The unemployment rate is the<br>A)number of unemployed
Q58: What is meant by aggregation? Why is
Q60: What are the major factors affecting the
Q61: When national output declines,the economy is said
Q62: Aggregation is the process of<br>A)calculating real GDP
Q63: Assumptions for economic theories and models should
Q64: The inflation rate is the<br>A)percent increase in