Multiple Choice

-If aggregate supply is AS1 and aggregate demand is AD0,then:
A) at any price level above 0g, a shortage of real output would occur
B) 0f represents a price level that would result in a surplus of real output of ac
C) a surplus of real output of gh would occur
D) 0f represents a price level that would result in a shortage of real output of ac
E) 0f represents a price level that would result in a surplus of real output of 0a
Correct Answer:
Verified
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