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

ENGR.ECONOMIC ANALYSIS
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Author:NEWNAN
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Chapter1: Making Economics Decisions
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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.
MacBook Air
DII
DD
F9
80
F7
F8
F6
F5
F4
esc
F2
F3
F1
&
%
2467 89
0704
%24
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. MacBook Air DII DD F9 80 F7 F8 F6 F5 F4 esc F2 F3 F1 & % 2467 89 0704 %24
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