The Table Gives the Aggregate Demand and Aggregate Supply Schedules

question 29

Multiple Choice

The table gives the aggregate demand and aggregate supply schedules for a nation.
-If the price level is 90,then the price level will ________ because ________.

• A)either fall or rise;markets are unstable and macroeconomic equilibrium is difficult to predict
• B)fall;the aggregate quantity demanded is less than the aggregate quantity supplied
• C)rise;the aggregate quantity demanded is less than the aggregate quantity supplied
• D)rise;the aggregate quantity demanded is greater than the aggregate quantity supplied
• E)fall;the aggregate quantity demanded is greater than the aggregate quantity supplied

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Definitions:

Vegetative Cover

Plants and trees that cover the ground, reducing soil erosion and influencing the local climate.

Rainfall Intensity

The rate at which rain falls over a given area, measured in millimeters per hour or inches per hour.

Municipal Water

Water that is treated and supplied by a municipal corporation for public use in cities and towns.

Spring Water

Water that flows naturally to the surface from a subsurface aquifer.