In the Short Run, If Prices Were Above Equilibrium

question 77

Multiple Choice

In the short run, if prices were above 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 upward 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 downward pressure on prices.

---

Definitions:

Stereochemistry

The branch of chemistry that deals with the spatial arrangement of atoms in molecules and the effects of these arrangements on the chemical properties and reactions of the molecules.

Organic Product

A compound that results from organic chemistry reactions, typically containing carbon atoms in its structure.

Major

Referring to the component or outcome that is the most abundant or significant in a given context or mixture.

Nucleotides

Nucleotides are biological molecules that serve as the monomers of nucleic acids like DNA and RNA; they consist of a nitrogenous base, a five-carbon sugar (ribose or deoxyribose), and one or more phosphate groups.