-Refer to Table 11.3 At an aggregate output level of $4,000 million, what will change in order to bring the economy to equilibrium?

Name: -Refer to Table 11.3 At an aggregate output level of $4,000 million, what will change in order to bring the economy to equilibrium?
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Quizplus · Accepted Answer

If the aggregate output level is above the equilibrium level, output must decrease to reach equilibrium, as excess supply leads to increased inventories.