If at a particular price level, real output from producers is greater than real output desired by purchasers, then there will be a general:
A. Surplus and the price level will rise
B. Surplus and the price level will fall
C. Shortage and the price level will rise
D. Shortage and the price level will fall
B. Surplus and the price level will fall
Economics
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"No central bank can be indifferent to its currency's value in the foreign exchange market." Discuss
What will be an ideal response?
Economics
The exchange rate
A) is the price of one country's money in terms of another country's money. B) is largely determined by Treasury budget policy. C) is not a market-determined price. D) has little impact on the balance sheet and income statements of businesses with foreign holdings.
Economics