Economists define equilibrium income as the level of income: Group of answer choices the economy gravitates towards in the short-run. an advanced economy is capable of producing without generating unemployment. the economy always produces. an advanced economy is capable of producing without generating significant accelerating inflation.

E11-2 (multiple choice) identify the best answer for each of the following: which of the following statements about internal service fund liabilities is false? internal service funds may report both current and long-term liabilities. internal service funds may not issue bonds for financing purposes. internal service funds may report contingent liabilities. due to other funds would be reported as a current liability