Consider the Nature of Macroeconomic Equilibrium

Multiple Choice

Consider the nature of macroeconomic equilibrium.If,at a particular price level,aggregate output demanded is less than that supplied by producers,then

A) the aggregate demand curve will shift to the right,re-establishing an equilibrium.
B) the aggregate supply curve will shift to the left,re-establishing an equilibrium.
C) the aggregate supply curve will shift to the right,re-establishing an equilibrium.
D) the price level will rise toward its equilibrium value.
E) the price level will decline toward its equilibrium value.