In economic models,the economy must
A) be in competitive equilibrium.
B) be in a situation where all resources are used.
C) have low inflation.
D) have government surpluses.
E) be where prices that consumers pay are lower than what sellers are offering.

Question

Quizplus · Accepted Answer

Competitive equilibrium ensures that resources are being allocated in the most efficient way possible, leading to maximum productivity and economic growth.

In Economic Models,the Economy Must