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