If the Equilibrium Price Level Is 135 but the Actual

question 24

Multiple Choice

If the equilibrium price level is 135 but the actual price level is 120, then

• A) the quantity of real GDP demanded is less than the quantity of real GDP supplied.
• B) aggregate demand will decrease to restore equilibrium.
• C) aggregate demand will increase to restore equilibrium.
• D) firms decrease their production because they cannot sell the output they produce.
• E) the quantity of real GDP demanded is greater than the quantity of real GDP supplied.

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