Multiple Choice
If the equilibrium price level is 135 but the actual price level is 120,then
A) firms decrease their production because they cannot sell the output they produce.
B) the quantity of real GDP demanded is less than the quantity of real GDP supplied.
C) the quantity of real GDP demanded is greater than the quantity of real GDP supplied.
D) aggregate demand will increase to restore equilibrium.
E) aggregate demand will decrease to restore equilibrium.
Correct Answer:
Verified
Correct Answer:
Verified
Q15: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1457/.jpg" alt=" -The table above
Q16: Which of the following is true?<br>A)Aggregate supply
Q17: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1457/.jpg" alt=" -In the figure
Q18: Unemployment increases when<br>A)an inflationary gap is created.<br>B)potential
Q19: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1457/.jpg" alt=" -What is the
Q21: Oil price hikes<br>A)increase aggregate supply.<br>B)decrease aggregate supply.<br>C)increase
Q22: A fall in the price level brings
Q23: How does a recession in Asia affect
Q24: An increase in potential GDP _ aggregate
Q25: What is the aggregate demand multiplier and