If at a Particular Price Level, Real Output from Producers

question 116

Multiple Choice

If at a particular price level, real output from producers is greater than real output desired by purchasers, then there will be a general

• A) surplus and the price level will rise.
• B) surplus and the price level will fall.
• C) shortage and the price level will rise.
• D) shortage and the price level will fall.

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