Consider the Nature of Macroeconomic Equilibrium

Multiple Choice

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

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