If the Actual Price Level in the Macro Economy Is

question 65

Multiple Choice

If the actual price level in the macro economy is below the equilibrium price level:

• A) excess demand will drive prices back up to the equilibrium price
• B) excess demand causes the demand curve to move inwards
• C) excess demand causes the demand curve to move outwards
• D) excess supply will drive prices back up to the equilibrium price

---

Definitions:

Regio-

A prefix in chemistry indicating the region or position in a molecule where a reaction takes place, often used in context with selectivity.

Stereochemical Detail

Information regarding the three-dimensional arrangement of atoms or groups within molecules, which can influence physical and chemical properties.

Markovnikov's Rule

A rule in organic chemistry that predicts the regiochemistry of halogen addition to alkenes, where the halogen atom bonds to the more substituted carbon.

Hydrogen Halides

Compounds formed by the reaction of hydrogen with halogen elements, resulting in hydrogen fluoride, hydrogen chloride, hydrogen bromide, and hydrogen iodide.