Multiple Choice
The table gives the aggregate demand and aggregate supply schedules for a nation.
-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) greater; falls
C) less; rises
D) less; 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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