Consider the above figure. At a price level of 150 total planned production exce
ID: 1188824 • Letter: C
Question
Consider the above figure. At a price level of 150 total planned production exceeds total planned production exceeds total planned real expenditures. the price level would rise. inventories untold goods decline total planned real expenditures exceed total planned real production Consider the above figure. Suppose there is a long-run increase in the ice of oil, which reduces total planned production at any given price level. The resulting change in the economy's long-run equilibrium position would be represented by a Consider the above figure. A movement from B to D would be a result of decreases in government expenditures and taxes. increases in faxes and production costs. decreases in productivity and decreases in government expenditures. decreases in the price level.Explanation / Answer
84 - At a price level of 150 the price level would rise.
85 - The resulting change in the economy’s long run equilibrium position would be represented by a movement from A to B.
86 - A movement from B to D would be a result of decrease in the price level.