At the price level of 150, there will be a general ______ in the economy, and output supplied will decrease as the price level falls.
1) surplus in the economy, and output demanded will increase as the price level falls
2) surplus in the economy, and output demanded will decrease as the price level falls
3) shortage in the economy, and output demanded will increase as the price level falls
4) shortage in the economy, and output demanded will decrease as the price level falls
