Solved

If at a Particular Price Level, Real Output from Producers

Question 131

Multiple Choice

If at a particular price level, real output from producers is greater than real output desired by purchasers, then there will be a general:


A) Surplus and the price level will rise
B) Surplus and the price level will fall
C) Shortage and the price level will rise
D) Shortage and the price level will fall

Correct Answer:

verifed

Verified

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

Related Questions

Q126: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4895/.jpg" alt=" Refer to the

Q127: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4895/.jpg" alt=" Refer to the

Q128: If the price of crude oil decreases,

Q129: An increase in investment and government spending

Q132: The labels for the axes of an

Q133: An increase in the aggregate expenditures schedule:<br>A)

Q134: When the price level decreases:<br>A) The demand

Q135: A decrease in aggregate demand in the

Q136: Changes in the national incomes of our

Q251: The economy experiences a decrease in the