-Refer to the information above to answer this question.Which of the following would be true if the price level was 190?
A) There would be a surplus of goods and services of 200.
B) There would be a shortage of goods and services of 200.
C) Prices would fall.
D) Equilibrium exists.
E) Aggregate supply will rise.
Correct Answer:
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Q31: Assume that the present price level is
Q32: What is an inflationary gap?
A)The difference between
Q33: Q34: Q35: Assume that the present price level is Q37: When does macroeconomic equilibrium occur? Q38: Q39: Why are the interest-rate,foreign-trade and real balances Q40: What does the interest-rate effect explain? Q41: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)When exports equal
A)The shape