Consider the Nature of Macroeconomic Equilibrium

question 36

Multiple Choice

Consider the nature of macroeconomic equilibrium.If,at a particular price level,the total output demanded is greater than that supplied by producers,then

• A)the price level will decline toward its equilibrium value.
• B)the price level will rise toward its equilibrium value.
• C)the aggregate demand curve will shift to the left,re-establishing an equilibrium.
• D)the aggregate supply curve will shift to the right,re-establishing an equilibrium.
• E)the aggregate supply curve will shift to the left,re-establishing equilibrium.

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Definitions:

Sunburned

Damage to the skin caused by excessive exposure to ultraviolet radiation from the sun, leading to redness and inflammation.

Collagen Fibers

Strong, fibrous proteins that are a major component in skin, bone, tendons, and other connective tissues.

Epiphysis

The end part of a long bone, initially growing separately from the shaft and later fusing with it, involved in joint formation.

Periosteum

A thick layer of blood vessel-rich connective tissue that surrounds the bones, except where the joints are located.