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.

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Definitions:

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