12.2 Equilibrium in Aggregate Demand and Supply Analysis

Multiple Choice

12.2 Equilibrium in Aggregate Demand and Supply Analysis
AD - AS Equilibrium
-On the graph above,if output is falling,while the quantity demanded is rising,the economy may be at a point on ________.

A) the aggregate supply curve above the aggregate demand curve
B) the aggregate supply curve below the aggregate demand curve
C) the aggregate demand curve above the aggregate supply curve
D) the aggregate demand curve below the aggregate supply curve
E) none of the above