Multiple Choice
If the quantity of real GDP demanded is less than the quantity of real GDP supplied, then
A) aggregate demand changes to restore the equilibrium.
B) the economy must be producing at potential GDP.
C) the price level falls and firms increase production.
D) the price level rises to restore the macroeconomic equilibrium
E) the price level falls and firms decrease production.
Correct Answer:
Verified
Correct Answer:
Verified
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