-The Data in the Above Table Indicate That When the Price

question 39

Multiple Choice

-The data in the above table indicate that when the price level is 100,

• A) firms have unexpectedly high inventories, so prices fall.
• B) inventories are at levels planned by firms.
• C) firms will plan to decrease the level of output.
• D) firms have unexpectedly low inventories, so prices will rise.