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Suppose that at the current price level, producers supply 500billion dollars of final goods and services while consumers purchase 550 billion dollars of final goods

Suppose that at the current price level, producers supply 500billion dollars of final goods and services while consumers purchase 550 billion dollars of final goods and services. What can be said about the price level?

A. Nothing

B. It equal 1.0

C. its above the equilibrium

D. its below the equilibrium

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