Which of the following results if the aggregate quantity supplied exceeds the aggregate quantity demanded?
A) Aggregate demand shifts to the right
B) Aggregate supply shifts to the right
C) A surplus pushes the average prices down to macro equilibrium
D) A shortage pushes the average prices up to macro equilibrium
Correct Answer:
Verified
Q49: Which of the following will occur if
Q50: When the U.S.price level increases relative to
Q51: At the intersection of the aggregate supply
Q52: The intersection of the aggregate demand and
Q53: Macro equilibrium always occurs:
A) When aggregate supply
Q55: The total amount of output producers are
Q56: The aggregate supply curve is positively sloped
Q57: Ceteris paribus,based on the aggregate supply curve,if
Q58: If the price level is:
A) Above equilibrium,this
Q59: The aggregate demand curve is downward-sloping because,other
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