In the Short Run, If Prices Were Below Equilibrium

question 128

Multiple Choice

In the short run, if prices were below equilibrium,

• A) excess aggregate demand for goods and services would place downward pressure on prices.
• B) excess aggregate supply of goods and services would place downward pressure on prices.
• C) excess aggregate demand for goods and services would place upward pressure on prices.
• D) excess aggregate supply of goods and services would place upward pressure on prices.

---

Definitions:

Cole And Scribner

Researchers who studied memory and cognitive processes in different cultures, particularly in literacy's impact on cognition.

Cognitive Psychologists

Scientists who study mental processes such as perception, memory, thought, and problem-solving.

Counting

The action of determining the total number of items in a set or group.