Multiple Choice
The table gives the aggregate demand and aggregate supply schedules for a nation.
-Refer to the table above.If the price level is 120,then the aggregate quantity demanded is ________ than the aggregate quantity supplied and the price level ________.
A) greater;rises
B) less;falls
C) less;rises
D) greater;falls
E) less;might fall,rise or not change depending on whether real GDP is more than,less than or equal to potential GDP.
Correct Answer:
Verified
Correct Answer:
Verified
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