When the price level is below the level at which the aggregate demand curve crosses the long run aggregate supply curve
A) there will be no price level change.
B) there will be pressures that will lead to a shift of either the aggregate demand or the long run aggregate supply curves.
C) total planned real expenditures will exceed actual real GDP, and the price level will increase.
D) total planned real expenditure will be lower than actual real GDP, and the price level will increase.
Ans: C) total planned real expenditures will exceed actual real GDP, and the price level will increase.
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