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cacerami cacerami
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A year ago
Which of the following statements is TRUE of equilibrium?

▸ In equilibrium, the opportunity cost of the choices made by each economic agent is zero.

▸ In equilibrium, all economic agents are choosing the best feasible option simultaneously.

▸ Economic agents have an incentive to divert from equilibrium.

▸ Each economic agent can reach equilibrium irrespective of the actions of others.
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
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cryzazncryzazn
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A year ago
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cacerami Author
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This calls for a celebration Person Raising Both Hands in Celebration
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Just got PERFECT on my quiz
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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