Multiple Choice
Which of the following is NOT part of the short- run macroeconomic adjustment to equilibrium when the price level is greater than the equilibrium price level?
A) There is a decrease in the money wage rate.
B) There are decreases in production and prices.
C) The quantity of real GDP demanded is less than the quantity of real GDP supplied.
D) There are unexpected increases in business inventories.
Correct Answer:
Verified
Correct Answer:
Verified
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