If the Equilibrium Price Level Is 135 but the Actual

question 70

Multiple Choice

If the equilibrium price level is 135 but the actual price level is 150,then

• A)firms increase their production because they are able to sell their output at a higher than expected price.
• B)the quantity of real GDP demanded is less than the quantity of real GDP supplied.
• C)the quantity of real GDP demanded is greater than the quantity of real GDP supplied.
• D)aggregate demand will increase to restore equilibrium.
• E)aggregate demand will decrease to restore equilibrium.

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