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The Table Gives the Aggregate Demand and Aggregate Supply Schedules

Question 107

Multiple Choice

The table gives the aggregate demand and aggregate supply schedules for a nation. -Refer to the table above.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. The table gives the aggregate demand and aggregate supply schedules for a nation.
-Refer to the table above.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.

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