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Figure 10-1 If the Price Level in Figure 10-1 Were 100

Question 120

Multiple Choice

Figure 10-1
Figure 10-1 If the price level in Figure 10-1 were 100, A) firms would have to lower their prices. B) inventories would be accumulating. C) shortages of goods would exist. D) aggregate quantity demanded would exceed aggregate quantity supplied. E) both c and d would occur.
If the price level in Figure 10-1 were 100,


A) firms would have to lower their prices.
B) inventories would be accumulating.
C) shortages of goods would exist.
D) aggregate quantity demanded would exceed aggregate quantity supplied.
E) both c and d would occur.

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