Oligopolistic firms are the only ones that consider their rivals' actions when making decisions about output and price

When you have a job and your employer compensates you for your time with money, resulting in both of you being better off, it is an example of a voluntary exchange

Indicate whether the statement is true or false

If the quantity of real GDP demanded is less than the quantity of real GDP supplied, then

A) the economy must be producing at potential GDP. B) the price level falls and firms decrease production. C) the price level falls and firms increase production. D) the price level rises to restore the macroeconomic equilibrium. E) aggregate demand changes to restore the equilibrium.