Consider the Nature of Macroeconomic Equilibrium

question 36

Multiple Choice

Consider the nature of macroeconomic equilibrium.If,at a particular price level,the total output demanded is greater than that supplied by producers,then

• A)the price level will decline toward its equilibrium value.
• B)the price level will rise toward its equilibrium value.
• C)the aggregate demand curve will shift to the left,re-establishing an equilibrium.
• D)the aggregate supply curve will shift to the right,re-establishing an equilibrium.
• E)the aggregate supply curve will shift to the left,re-establishing equilibrium.

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