If,at the Prevailing Price Level,the Aggregate Quantity Supplied Exceeds the Aggregate

question 76

True/False

If,at the prevailing price level,the aggregate quantity supplied exceeds the aggregate quantity demanded,the price level will tend to fall.

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Definitions:

Expense Ratio

A measure of what it costs an investment company to operate a mutual fund, expressed as a percentage of the fund's average assets per annum.

Total Expense Ratio

It quantifies the total cost of fund management and operating expenses, expressed as a percentage of the fund’s total assets.

Gross Return

The total return on an investment before any deductions are made for costs or expenses.

Managed Investment Companies

Firms that invest pooled funds from clients, taking on the responsibility of investment decisions and management for those funds.