-Use the figure above to answer this question. At a price level of 110,
A) real GDP is less than the aggregate quantity demanded and firms will increase production.
B) real GDP less than the aggregate quantity demanded and firms will increase prices.
C) inventories will decrease.
D) real GDP is greater than the aggregate quantity demanded and firms will cut production.

Question

-Use the figure above to answer this question. At a price level of 110,
A) real GDP is less than the aggregate quantity demanded and firms will increase production. 
B) real GDP less than the aggregate quantity demanded and firms will increase prices. 
C) inventories will decrease. 
D) real GDP is greater than the aggregate quantity demanded and firms will cut production.

Quizplus · Accepted Answer

The Answer of 
-Use the figure above to answer this question. At a price level of 110,
A) real GDP is less than the aggregate quantity demanded and firms will increase production. 
B) real GDP less than the aggregate quantity demanded and firms will increase prices. 
C) inventories will decrease. 
D) real GDP is greater than the aggregate quantity demanded and firms will cut production.

-Use the Figure Above to Answer This Question