-Based on the Data in the Table Above, in the |

question 75

Multiple Choice

$$\begin{array} { | l | l | l | l | } \hline \text { Price level } & \begin{array} { l } \text { A ggregate demand } \\\text { (trillions of 2005 } \\\text { dollars) }\end{array} & \begin{array} { l } \text { Short-run aggregate } \\\text { supply (trillions of } \\\text { 2005 dollars) }\end{array} & \begin{array} { l } \text { Long-run aggregate } \\\text { supply (trilli ons of } \\2005 \text { dollars) }\end{array} \\\hline 100 & 11 & 7 & 10 \\\hline 110 & 10 & 8 & 10 \\\hline 120 & 9 & 9 & 10 \\\hline 130 & 8 & 10 & 10 \\\hline 140 & 7 & 11 & 10 \\\hline\end{array}$$
-Based on the data in the table above, in the adjustment towards the long -run equilibrium

• A) money wage rates will rise.
• B) the short-run aggregate supply curve will shift rightward.
• C) the aggregate demand curve will shift leftward.
• D) the short-run aggregate supply curve will shift leftward.

---

Definitions:

Principal

The original sum of money borrowed in a loan, or the amount of the investment that is actually made.

Total Liabilities

The sum of all debts and financial obligations a company owes to outside parties, including loans, accounts payable, and bonds payable.

Owner's Equity

Indicates the total net worth of a company attributable to the owner or shareholders, reflecting the equity capital and retained earnings.

Notes Payable

A written promise to pay a specific sum of money to a person or entity at a future date, categorized as a liability on the balance sheet.