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.

---

Definitions:

Caloric Requirements

The amount of calories a person needs to consume daily to maintain their health and energy levels, varying by age, sex, weight, and activity level.

Age Range

The span of ages between the youngest and oldest individuals within a group or population.

Socioeconomic Status

A measure of an individual's or family's economic and social position relative to others, based on income, education, and occupation.

Nutrition

The process by which living organisms obtain and process the nutrients necessary for maintaining health and promoting growth.