The table gives the aggregate demand and aggregate supply schedules for a nation. Price level (GDP deflator) 80 Real GDP supplied (trillions of 2012 dollars) Real GDP demanded (trillions of 2012 dollars) 10 9. 90 4 100 110 7 7 120 6 8 130 because If the price level is 90, then the price level will O A. either fall or rise; markets are unstable and macroeconomic equilibrium is difficult to predict O B. fall; the aggregate quantity demanded is greater than the aggregate quantity supplied OC. rise; the aggregate quantity demanded is less than the aggregate quantity supplied O D. fall; the aggregate quantity demanded is less than the aggregate quantity supplied O E. rise; the aggregate quantity demanded is greater than the aggregate quantity supplied
The table gives the aggregate demand and aggregate supply schedules for a nation. Price level (GDP deflator) 80 Real GDP supplied (trillions of 2012 dollars) Real GDP demanded (trillions of 2012 dollars) 10 9. 90 4 100 110 7 7 120 6 8 130 because If the price level is 90, then the price level will O A. either fall or rise; markets are unstable and macroeconomic equilibrium is difficult to predict O B. fall; the aggregate quantity demanded is greater than the aggregate quantity supplied OC. rise; the aggregate quantity demanded is less than the aggregate quantity supplied O D. fall; the aggregate quantity demanded is less than the aggregate quantity supplied O E. rise; the aggregate quantity demanded is greater than the aggregate quantity supplied
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:The table gives the aggregate demand and aggregate supply schedules for a nation.
Price level
Real GDP demanded
Real GDP supplied
(trillions of 2012 dollars)
(GDP deflator)
(trillions of 2012 dollars)
80
10
90
9.
100
110
120
6.
130
If the price level is 90, then the price level will
because
O A. either fall or rise; markets are unstable and macroeconomic equilibrium is difficult to predict
B. fall; the aggregate quantity demanded is greater than the aggregate quantity supplied
C. rise; the aggregate quantity demanded is less than the aggregate quantity supplied
O D. fall; the aggregate quantity demanded is less than the aggregate quantity supplied
O E. rise; the aggregate quantity demanded is greater than the aggregate quantity supplied
Click to select your answer.
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