From an initial long-run equilibrium, if aggregate demand grows faster than long-run and short-run aggregate supply, then Congress and the president would most likely

Decrease government spending.

Explanation:

Stating the initial fact that equilibrium can directly be explained to be a concept requiring a government official to borrow. And also in certain views by economists who conceive of economic processes as analogous to physical phenomena such as velocity, friction, heat, or fluid pressure.

In the case above, from the initial ong-run of this said equilibrium which shows aggregate demand grows faster than long-run and also in that of short-run supply, congress and the president are most certain to reduce government spending. It is somewhat explained also that physical forces are balanced in a system, no further change occurs.

$17,209,000

Explanation:

Given that,

Production volume = 602,000 units per year

Market price = $32 per unit

Desired operating income = 15% of total assets

Total assets = $13,700,000

Total Income  = 15% of Total assets

                       = $13,700,000 × 15%

                       = $ 2,055,000

Total Sales  = Market price × Production volume

                    = $32 × 602,000

                   = $ 19,264,000

Target full product cost in total for the year  = Total Sales - Total Income

                                                                        = $ 9,264,000 - $2,055,000

                                                                        = $17,209,000