If aggregate output is below its equilibrium level ________. ...

[CORALGRILL2014]

If aggregate output is below its equilibrium level ________.
 
  A) there is an excess demand for goods
  B) actual output is below planned expenditure
  C) firms will tend to replenish their low inventories driving output up toward equilibrium
  D) all of the above
  E) none of the above

Question 2

An interest rate swap involving the exchange of floating-rate obligations for fixed-rate obligations is known as
 
  A) swaption.
  B) swap option.
  C) forward swaps.
  D) plain vanilla.

[angrybirds13579]

Answer to Question 1

D

Answer to Question 2

D