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 90,then the price level will ________ because ________.
A) rise;the aggregate quantity demanded is less than the aggregate quantity supplied
B) fall;the aggregate quantity demanded is greater than the aggregate quantity supplied
C) fall;the aggregate quantity demanded is less than the aggregate quantity supplied
D) rise;the aggregate quantity demanded is greater than the aggregate quantity supplied
E) either fall or rise;markets are unstable and macroeconomic equilibrium is difficult to predict
Correct Answer:
Verified
Correct Answer:
Verified
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