Identify the Correct Statement

question 112

Multiple Choice

Identify the correct statement.

• A)Aggregate demand alone determines equilibrium price and output.
• B)Aggregate supply alone determines equilibrium price and output.
• C)Aggregate demand and aggregate supply determine equilibrium price and output.
• D)Aggregate demand shows the positive relationship between price level and real GDP.
• E)Aggregate supply shows the negative relationship between price level and real GDP

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Definitions:

Unfavorable

A term describing a situation or outcome that is negative or disadvantageous, often used in financial contexts.

Favorable

A term used in accounting and finance to describe results or variances that are better than expected or budgeted, indicating positive performance.

Variance Analysis

The process of analyzing the differences between budgeted and actual financial performance.

Managers

Individuals responsible for planning, directing, and overseeing the operations and fiscal health of a portion of an organization or the entire organization.