Solved

If Aggregate Output Is Above Its Equilibrium Level ________

Question 53

Multiple Choice

If aggregate output is above its equilibrium level ________.


A) there is an excess supply of goods
B) actual output is below planned expenditure
C) firms will tend to replenish their low inventories driving output up toward equilibrium
D) all of the above
E) none of the above

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q48: A decrease in "financial frictions" is associated

Q49: When the U.S.real interest rate rises _.<br>A)U.S.dollar

Q50: IS Graph 2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5036/.jpg" alt="IS Graph

Q51: An decrease in the real interest rate

Q52: Planned investment spending _.<br>A)is equal to planned

Q54: The IS curve shifts to the left

Q55: We may infer from the downward slope

Q56: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5036/.jpg" alt=" -Referring to the

Q57: The consumption function shows how _.<br>A)the marginal

Q58: A decrease in autonomous consumption _.<br>A)lowers planned