Multiple Choice
Use the figure above to answer this question. At a price level of of 90,
A) inventories increase and firms will increase production.
B) the aggregate quantity demanded exceeds real GDP and inventories will decrease.
C) people will be forced to cut consumption so that aggregate demand will decrease.
D) the aggregate quantity demanded exceeds real GDP, inventories increase and the price level will rise.
Correct Answer:

Verified
Correct Answer:
Verified
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