At the current price level, producers supply $375 billion of final goods and services while consumers purchase $355 billion of final goods and services. The price level is:

a. above equilibrium.
b. at equilibrium.
c. below equilibrium.
d. More information is needed.

Above equilibrium where price is higher, quantity supplied would be greater than quantity demanded. In the question above, supply is $375 billion of final goods and services while demand is $355 billion. This indicates that price levels is above equilibrium price.

Below equilibrium, quantity supplied would be less than quantity demanded.

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At the current price level, producers supply $375 billion of final goods and services while consumers purchase $355 billion of final goods and services. The price level is: a. above equilibrium. b. at equilibrium. c. below equilibrium. d. More information is needed.

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At the current price level, producers supply $375 billion of final goods and services while consumers purchase $355 billion of final goods and services. The price level is:

a. above equilibrium.
b. at equilibrium.
c. below equilibrium.
d. More information is needed.