If Aggregate Output Is Above Its Equilibrium Level ________

question 53

Multiple Choice

If aggregate output is above its equilibrium level ________.

• A)there is an excess supply of goods
• B)actual output is below planned expenditure
• C)firms will tend to replenish their low inventories driving output up toward equilibrium
• D)all of the above
• E)none of the above

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Definitions:

NAACP

The National Association for the Advancement of Colored People is a civil rights organization in the United States, formed in 1909, aimed at advocating for the rights and improving the lives of African Americans.

Spadework

Preliminary or foundational work that prepares for the main project, task, or effort, often involving hard or tedious tasks.

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The dominance of white individuals in positions of power within societal structures, contributing to racial inequality and privilege.

Mass Protest

A large-scale public demonstration or gathering, often expressing opposition to government policies or social injustices, aiming to bring about political or social change.