When Aggregate Demand Exceeds Current Production

question 211

Multiple Choice

When aggregate demand exceeds current production

• A)both output and the price level are in equilibrium.
• B)output is not in equilibrium, but the price level is.
• C)prices are not in equilibrium, but output is.
• D)neither output nor the price level is in equilibrium.

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Definitions:

AND

A logical operator that yields true only if all the operands or expressions being compared are true.

Clustered Column Chart

A type of bar chart that groups related data bars together to facilitate comparison across categories.

Stacked Column Chart

A graphical representation of data where different values are stacked on top of each other in columns, showcasing parts of the whole.

100% Stacked Column Chart

A 100% stacked column chart is a graphical representation of data where multiple categories are stacked on top of each other in columns to total 100%, showing the relative percentage of each category.