Author Question: If aggregate output is above its equilibrium level ________. A) there is an excess supply of ... (Read 87 times)

folubunmi · **on:** Jun 30, 2018

If aggregate output is above its equilibrium level ________.

A) there is an excess supply of 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

Given the table above, the present value of lifetime resources ________ when the real interest rate rises to five percent.

A) falls by 367
B) rises by 200
C) rises by 300
D) falls by 275