The data in the above table indicate that when the price level is 120,
A. inventories fall and the price level rises.
B. the economy is in a long-run macroeconomic equilibrium.
C. inventories rise and the price level falls.
D. the unemployment rate is at its equilibrium level.
Answer:C
The data in the above table indicate that when the price level is 120,
A. inventories fall and the price level rises. B. the economy is in a long-run macroeconomic equilibrium. C. inventories rise and the price level falls. D. the unemployment rate is at its equilibrium level.