-Refer to the Above Figure

Multiple Choice

-Refer to the above figure. If the price level is 80

A) the total planned real expenditures by individuals, businesses, and the government are less than total planned production by firms.
B) the total planned real expenditures by individuals, businesses, and the government exceed total planned production by firms.
C) the economy will have economic growth and the new equilibrium price level will be 80.
D) the aggregate demand curve will automatically shift leading to a stable equilibrium.